Formerly the CMFAS M1A exam, renamed by IBF. Study from the current RES 1A syllabus, not old M1A materials.
Rules, Ethics & Skills for Securities Exchange Dealers. Sit a free CMFAS RES 1A mock exam: 20 questions in 30 minutes, marked against the 75% pass mark, with a worked answer for every question. No card needed.
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Unofficial study aid aligned to the public CMFAS RES 1A syllabus — not endorsed by MAS or IBF.
IBF sets and can change the official format. Always confirm the current CMFAS RES 1A details before you register.
1,100+ verified questions across 9 syllabus topics — every one with a worked explanation:
One note per topic: the must-know facts, the rules in plain English and the traps that cost marks. The opening of every note is free.
CMFAS RES 1A (Rules, Ethics and Skills for Securities Exchange Dealers), formerly M1A, is the IBF licensing module for securities dealers and trading representatives at SGX-ST members — the Securities and Futures Act framework, licensing and business operations, the SGX-ST trading system and CDP settlement, market conduct, ethics, dealing practices, CPFIS and the prevention of financial crimes. It is an MAS-regulated CMFAS module examination.
IBF sets CMFAS RES 1A as 80 multiple-choice questions over 2 hours, with a pass mark of at least 75%. Confirm the current format on the official IBF page before you register.
CMFASPrep has 1,100+ verified, exam-style CMFAS RES 1A practice questions across every syllabus topic, each with a worked explanation — plus full-length timed mock exams. Start free, no card needed.
Practise by topic to build coverage, then sit full timed mock exams until you score above the 75% pass mark consistently. Read the worked answer on every question you miss.
Practise by topic with instant worked explanations, then sit full timed mock exams. Start free — upgrade when you're ready.
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