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🇸🇬 Derivatives & Markets
CMFAS RES 2B Exam Preparation
Prepare for Singapore's IBF-administered CMFAS RES 2B examination with focused coverage of derivatives regulation, non-exchange-member operations, OTC dealing, market conduct, ethics, trading practice and financial-crime controls.
240 Unique Questions · 5 Mocks × 60 Detailed Study Notes Realistic mock exams
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
Exactly what is included
- 5 mock exams × 60 questions · 240 unique questions · 300 total question slots · unlimited retakes
- Focus Learn · key areas, pitfalls, exam traps & key numbers
- Flashcards · fun, fast and effective recall
- Exam cheat sheet · key facts, rules and numbers by chapter
- Audio Learning · every chapter in audio
- AI Analyzer & Mentor · pinpoints your weak areas
- Study Mode Exams · learn while you train
- AI Chat trained specifically for this exam
- Community-polished data, improved every day
- Up-to-date, accuracy-checked content
AI Audio Summaries New
Listen to course modules on the go. Perfect for studying while driving or commuting.
🎧 Audio
* This is a chapter sample. All audio is available in the full version.
Syllabus
Module 1: The Capital Markets Industry in Singapore and Participants in the Capital Markets
🎧 Audio
Markets, institutions, regulators, derivatives venues, clearing houses and governing rules.
- • Market structure
- • Institutional participants
- • Regulatory bodies
- • Sources of rules
Module 2: Licensing and Business Operations
CMS licensing, representatives, disclosures, accounts, statements, records and customer-asset protection.
- • CMS licence
- • Form 13
- • Statements and records
- • Customer money and assets
Module 3: Market Conduct
SFA derivatives misconduct, customer priority, crosses, churning, overtrading and pre-arranged trades.
- • Market misconduct
- • Bucketing
- • Customer priority
- • Crosses and churning
Module 4: Over-the-Counter Derivatives
OTC risks, reporting, clearing, margin, disclosure, confirmations and collateral.
- • OTC risks
- • Reporting and clearing
- • Margin
- • Master agreements
Module 5: Ethics, Codes and Standards of Professional Conduct for Derivatives Dealing
Ethical framework, professional codes, client duties, conflicts and best execution.
- • Ethical framework
- • Professional codes
- • Conflicts
- • Best execution
Module 6: Derivatives Dealing Practices and Skills
Market analysis, strategy, implementation, monitoring, customer assessments and risk management.
- • Market analysis
- • Strategy
- • Customer assessments
- • Risk controls
Module 7: Prevention of Financial Crimes
ML/TF, sanctions, governance, CDD, monitoring, reporting, records and training.
- • Financial crimes
- • Client due diligence
- • Monitoring
- • Reporting and governance
Interactive preview
Free CMFAS RES 2B – Rules, Ethics and Skills for Derivatives Dealers of Non-Exchange Members Practice Questions & Exam Preview
Try 15 CMFAS RES 2B – Rules, Ethics and Skills for Derivatives Dealers of Non-Exchange Members practice questions from Chapter 7: Prevention of Financial Crimes
Practice CMFAS RES 2B – Rules, Ethics and Skills for Derivatives Dealers of Non-Exchange Members exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.
Exam Preview
Chapter 7: Prevention of Financial Crimes
Which statement accurately describes Money laundering in RES 2B Chapter 7?
1 / 15
Flashcards
Card 1 of 10Number Recall
Question
How many questions are in the CMFAS RES 2B examination?
Tap to reveal answer
Focus Learn
- Primary market
- Secondary market
- OTC market
- Regulated exchange
- Financial intermediary
- MAS
- SGX and SGX RegCo
- SGX-DT
- SGX-DC
- IFSG
Chapter 1: The Capital Markets Industry in Singapore and Participants in the Capital Markets
What this chapter covers
This chapter develops Singapore market structure, institutional participants, regulators, exchanges, clearing houses and sources of rules. CMFAS RES 2B tests knowledge, understanding and application for derivatives dealers of non-exchange members. Start every scenario by identifying the actor, regulated activity, product, customer type, venue and transaction stage. A rule from RES 2A or the securities modules may be accurate in its own setting and still be wrong for a RES 2B question.
Core rules and distinctions
Primary market. Businesses raise new capital in the primary market by issuing instruments such as shares, bonds and company warrants to investors.
Secondary market. Trading after the initial capital raising occurs in the secondary market,…
Unlock all Focus Learn
Open every chapter’s key areas, pitfalls, exam traps and key numbers.
Adaptive study tools
Focus weak topics, learn with feedback, then switch to exam conditions.
Practice modes
Learn first. Then prove you’re ready.
Learn with feedback, then switch to exam conditions.
Exam Mode
Realistic exam simulation
Use the timer, keep answers hidden, then review your result.
Preparation Package at a Glance
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Practice Exams | Unlimited Retakes | Five full-length 60-question mock exams |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $151 (One-Time) | One-time payment with no recurring subscription |
Frequently Asked Questions
CMFAS RES 2B contains 60 multiple-choice questions and lasts 90 minutes. It tests knowledge, understanding and application.
The official pass mark is 75%. Each full course mock uses the same threshold.
The Institute of Banking & Finance Singapore administers RES 2B. It is not an SCI examination.
It covers Singapore capital-market structure, derivatives licensing and operations, market conduct, OTC derivatives, professional ethics, dealing practice and prevention of financial crimes.
RES 2B is for derivatives dealers of non-exchange members. RES 2A focuses on derivatives exchange dealers and includes exchange trading systems and infrastructure.
No. The official study guide states that candidates are not tested on monetary amounts of penalties. The prohibited conduct, duties and consequence types remain important.
Yes. The current IBF study-guide update register lists no later RES 2B revision, so the supplied official guide is the current examinable source for this course.
No. IBF does not publish RES 2B chapter weights. The course uses a documented practice allocation so every mock covers the full source.
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.
Yes! Test your knowledge and review detailed explanations with the free CMFAS RES 2B – Rules, Ethics and Skills for Derivatives Dealers of Non-Exchange Members Mock Exam Preview below. It contains 15 exam-style questions from one named topic; the full course provides complete mock exams and syllabus coverage.
No. IBF administers RES 2B; 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 2B 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.
Key Benefits
Five Full-Length RES 2B Mock Exams
Practise the official 60-question structure under a 90-minute timer with the 75% pass mark applied.
- ✓ 240 distinct questions across Mocks 1-4.
- ✓ Mock 5 draws 15 questions from each paper.
- ✓ Coverage across all seven official chapters.
Non-Exchange-Member Derivatives Focus
Keep licensing, customer accounts, OTC contracts, disclosure, margin, clearing and reporting duties in the correct scope.
- ✓ Seven detailed chapter summaries.
- ✓ 155 flashcards including dedicated number recall.
- ✓ 144 searchable definitions, rules and exam traps.
RES 2B-Grounded Tutor
Clarify licensing, market conduct, OTC dealing, ethics, strategy and AML/CFT distinctions inside the learning platform.
- ✓ Context from every official chapter.
- ✓ Answers preserve actors, venues, timing and thresholds.
- ✓ Penalty amounts are excluded in line with the official exam note.
Practice Built for Singapore
Revise the IBF-administered RES 2B pathway with MAS, Singapore derivatives rules and financial-crime controls kept in context.
- ✓ Correct IBF—not SCI—course classification.
- ✓ Non-exchange-member scope kept explicit.
- ✓ Singapore market-conduct and AML/CFT coverage.
Exam Format & Details
| Assessment | 60 multiple-choice questions testing knowledge, understanding and application at the IBF Assessment Centre |
| Duration | 90 Minutes |
| Standard Pass Mark | 75% |
Prepare for the CMFAS RES 2B examination
RES 2B covers the rules, ethics and practical skills expected of derivatives dealers acting for non-exchange-member principals in Singapore. The seven chapters move from capital-market structure and licensing through derivatives market conduct, OTC contracts, professional ethics, dealing practice and prevention of financial crimes.
The course turns the current examinable source into seven detailed summaries, 155 active-recall flashcards, a 144-item searchable reference sheet, five timed 60-question mock exams and a tutor grounded in the RES 2B material.
Practise the official examination format
The official examination contains 60 multiple-choice questions, lasts 90 minutes and requires 75% to pass. Each course mock follows that structure. IBF does not publish chapter weights, so the mock allocation is a transparent practice design based on source breadth and regulatory density rather than a claim about the live examination mix.
Who Is This For?
✓ Candidates preparing for the IBF-administered CMFAS RES 2B examination
✓ Prospective representatives dealing in derivatives for non-exchange-member principals
✓ Trading, brokerage, operations and compliance staff working with OTC derivatives in Singapore
✓ Risk professionals supporting derivatives dealing, customer controls and AML/CFT duties
Preparation centre
CMFAS RES 2B – Rules, Ethics and Skills for Derivatives Dealers of Non-Exchange Members Exam Guides
Use these connected guides for the syllabus, exam format, booking and revision strategy.
🇸🇬 Local market guide
CMFAS RES 2B – Rules, Ethics and Skills for Derivatives Dealers of Non-Exchange Members: Singapore pathway, booking and careers
Review the CMFAS pathway, official booking route and derivatives dealing career context before paying the examination fee.
Regulator and qualification pathway
RES 2B is an IBF-administered CMFAS examination for representatives engaged in 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.
Monetary Authority of Singapore and Institute of Banking & Finance SingaporeBooking and official examination
Use IBF's official CMFAS examination channel to check the current schedule, registration requirements, fees and assessment-centre instructions. Confirm that the latest RES 2B study guide remains examinable before booking.
View official IBF CMFAS exam detailsCareer and employer context
RES 2B is relevant to derivatives dealing, operations, risk and compliance roles for non-exchange-member principals. The employer determines the modules 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.
Market-specific reading
Understand the pathway before booking
Ready to Pass Your Exam?
Prepare for the IBF CMFAS RES 2B exam with structured study notes, active practice, flashcards and a course-grounded tutor.
CMFAS RES 2B – Rules, Ethics and Skills for Derivatives Dealers of Non-Exchange Members
$151 $440
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