Capital Markets and Financial Advisory Services (CMFAS)

What Is CMFAS

Overview

The Capital Markets and Financial Advisory Services Examination (CMFAS Exam) is a modular examination structure effective since 1 December 2002 in accordance with the Notices issued by MAS under the SFA and FAA.

The Institute of Banking & Finance (IBF) administers CMFAS Modules 1A, 1B, 2A, 2B, 3, 4A, 4B, 6, 6A and 10, while the Singapore College of Insurance (SCI) administers CMFAS Modules 5, 8, 8A, 9 and 9A.