Prepare for Singapore's IBF-administered CMFAS RES 12B examination with both non-exchange-member study modules: RES 1B securities and RES 2B derivatives.
300 Practice QuestionsDetailed Study NotesRealistic mock exams
Qualification facts verified against Current examinable source.
Last checked 2026-08-02.
Official IBF CMFAS study-guide page.
The supplied combined official guide controls the RES 1B and RES 2B learning content. Current IBF sources verify the combined RES 12B identity, administering body, 60-question format, 90-minute duration and applicable RES 1B update.
RES 12B practice inventory
✓Five full-length 60-question mock exams
✓240 distinct questions across Mocks 1-4
✓272 active-recall flashcards
✓257 searchable reference items
✓Fourteen detailed chapter summaries across RES 1B and RES 2B
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Certificate of Completion
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Sample Question 1 of 10
Which statement accurately describes Trading-member or non-member base capital in RES 1B Chapter 2?
This is just a taste — the full course includes far more
Prepare for the CMFAS RES 12B examination
RES 12B is the combined CMFAS module for securities and derivatives dealers acting for principals that are not members of an approved exchange. The course keeps the two official study scopes distinct: seven RES 1B securities chapters and seven RES 2B derivatives chapters.
Study Singapore market structure, CMS licensing and operations, securities and derivatives market conduct, professional ethics, securities dealing, CPFIS, OTC derivatives, derivatives strategy and financial-crime controls. The current official RES 1B update is applied throughout the relevant CPFIS material.
Practise the official assessment shape
The official examination contains 60 multiple-choice and multiple-response questions, lasts 90 minutes and requires 75% to pass. Each course mock follows that structure. Combination questions preserve multiple-response reasoning within the platform's one-answer format. IBF does not publish chapter weights, so the mock allocation is a transparent practice design covering both modules rather than an official weighting claim.
🇸🇬 Local market guide
CMFAS RES 12B – Rules, Ethics and Skills for Securities and Derivatives Dealers of Non-Exchange Members: Singapore pathway, booking and careers
Review the CMFAS pathway, official booking route and securities and derivatives dealing career context before paying the examination fee.
Regulator and qualification pathway
RES 12B is an IBF-administered CMFAS examination for representatives engaged in securities and derivatives dealing for a principal that is not a member of an approved exchange. The employing financial institution should confirm the complete module combination for the intended regulated activity and complete the MAS representative-notification process before the individual begins that activity.
Use IBF's official CMFAS examination channel to check the current schedule, registration requirements, fees and assessment-centre instructions. Confirm that the latest RES 12B study guide remains examinable before booking.
RES 12B is relevant to securities and derivatives dealing, operations, risk and compliance roles for non-exchange-member principals. The employer determines the complete module and representative-notification requirements for the intended activity.
Price and currency
Exams Academy checkout is in US dollars and the card provider converts the charge to SGD. The official IBF examination fee and official study guide are separate from the course purchase.
CMFAS RES 12B contains 60 multiple-choice and multiple-response questions, lasts 90 minutes and tests knowledge, understanding and application.
The official pass mark is 75%. Each full course mock uses the same threshold.
RES 12B combines the RES 1B securities and RES 2B derivatives scopes for representatives of non-exchange-member principals. The course covers all seven chapters from each study module.
The Institute of Banking & Finance Singapore administers RES 12B. It is not one of the insurance or financial-advisory modules administered by SCI.
Yes. The applicable current IBF update to the RES 1B CPFIS chapter is applied across the summaries, reference sheet, flashcards, mocks and tutor knowledge.
No. The official guides state that candidates are not tested on monetary penalty amounts. The underlying prohibited conduct, duties and consequence types remain important.
No. IBF does not publish RES 12B chapter weights. The course uses a documented practice allocation so both study modules and all fourteen chapters receive coverage.
No. Exams Academy is an independent education provider and is not affiliated with or endorsed by IBF, MAS or SGX.
You receive lifetime access to the current course content with no recurring subscription fee.
No. IBF administers RES 12B; SCI administers a different set of CMFAS modules, including RES5.
Use IBF's official CMFAS examination channel to check the current schedule, registration requirements, fees and assessment-centre instructions. Confirm that the latest RES 12B study guide remains examinable before booking.
Exams Academy checkout is in US dollars and the card provider converts the charge to SGD. The official IBF examination fee and official study guide are separate from the course purchase.
CMFAS RES 12B – Rules, Ethics and Skills for Securities and Derivatives Dealers of Non-Exchange Members
