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CMFASPrepStudyingRES5
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Financial advisory
RES5Financial Advisory Services✓A free, no-nonsense guide to preparing for the Singapore CMFAS RES5 exam (Rules, Ethics & Skills for Financial Advisory Services) — how to study properly, a suggested timeline, the syllabus and recommended reading. All in one place. Unofficial prep — confirm exam details with SCI.
150
questions, 3 hours
110
Part I Qs · pass 75%
40
Part II Qs · pass 80%
14
core topics
Learn from the official RES5 study materials and MAS sources— that's your foundation. Don't rely on any single practice site (including this one) as your only source. A tool like CMFASPrep is for the other half of passing: turning what you've read into exam skill.
Learn
Notes + syllabus
Practise
Drill questions
Mock
Timed papers
Pass
Both parts
Learn the material
Official RES5 notes + MAS sources, topic by topic. Understand the concepts.
Understand, don't cram
The exam tests application — know why a rule exists, not just the wording.
Practise actively
Do questions after each topic; review every worked answer. Focus on case studies.
Simulate the exam
Sit timed mocks so the format and pacing feel familiar on the day.
A simple path from first read to exam-ready. Stretch or compress it to fit your own exam date.
Work through the syllabus and your notes, topic by topic. Aim to understand, not memorise.
Drill questions per topic, review the worked answers, and sit your first mock papers.
Hammer your weakest topics and work ethics case studies until the traps feel obvious.
Full timed mocks for both parts, fix recurring mistakes — then exam day.
CMFAS RES5 has no fixed public calendar — you book a sitting via SCI. It's one exam in two parts over 3 hours: Part I · Rules & Regulations (110 questions, pass at 75%) and Part II · Ethics & Skills (40 questions, pass at 80%) — 150 multiple-choice questions in total, and you must clear both thresholds. Confirm the current format with SCI.
One exam, two parts, 14 core topics.
110 questions · pass at 75%
40 questions · pass at 80%
High-yield distinctions to nail — always confirm the detail against MAS notices and the official syllabus.
CKA checks product knowledge/experience for SIPs; CAR is the account review for unlisted SIPs.
Excluded Investment Products are simpler; Specified Investment Products carry extra safeguards.
CDD → identify beneficial owner → EDD for higher risk/PEPs → STR to STRO → never tip off.
Reasonable basis + KYC + documented recommendation; record it even if the client proceeds against advice.
Five outcomes covering culture, suitable products, clear info, competent advice and complaints handling.
Grades representatives on non-sales KPIs to drive quality advice and fair dealing.
Your core text is the official RES5 study guide / notes. Beyond that, the syllabus draws straight from the Financial Advisers Act, MAS notices and guidelines — all free to read:
Once you've done the reading, test whether it stuck — practise exam-style questions, work case studies, and sit timed mocks. Free to start.
Build a daily practice habit — a few exam-style questions a day, with worked answers. Free to start.
Start practising →Unofficial study material mapped to the CMFAS RES5 syllabus, not endorsed by MAS or SCI. Always verify exam format, dates and requirements against current official sources.
Prefer a quick plain-English refresher? See the complete exam guide and the free study notes.