CMFASCapital Markets and Financial Advisory Services (Singapore)
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Apart from this, under the new licensing framework introduced by Monetary Authority of Singapore, MAS, for the Securities and Futures Act (SFA) and Financial Advisers Act (FAA), every potential remisier is required to pass a new modular examination structure known as the Capital Markets and Financial Advisory Services (CMFAS) Examination.
There are two main categories of the CMFAS modules, namely, the Regulatory Frame work and the Product Characteristics.