CMFAS | Edu RES 2B mock exams - 6 Practice Exams v.A2

RES 2B - Rules, Ethics and Skills for Derivatives Dealers of Non-Exchange Members

This test paper is intentionally more challenging than the actual exam, as common sense questions have been excluded to minimize redundancy and increase overall difficulty. If you can pass this exam on your first attempt, you should be well-prepared to pass the real exam.

All reviews are read on a daily basis and updates are pushed out as soon as possible to provide the best learning experience for all. Resources are continuously reinvested to make this exam simulation as accurate and reflective of the real exam as possible.

What’s in store for you?

• 6 expert-crafted mock papers: Created by seasoned consultants and dynamic industry professionals with a proven track record of writing top-notch exam questions.

• 360 comprehensive questions: Covering all essential topics. These papers packs the carefully selected questions, giving you that extra edge when you need it most.

• Focused on the new format: With the April 2024 updates, multiple-option questions have taken center stage, and we’ve designed these mock exams to give you unparalleled practice in this critical area.

But that's not all. Each question comes with detailed explanations linked directly to key study guide concepts. This means you’ll not only identify and conquer weak spots but also familiarize yourself with the phrasing and difficulty level of the actual exam.

Syllabus Breakdown:

Here’s what you’ll cover:

• The Capital Markets Industry in Singapore: Understand the framework and key participants.

• Licensing and Business Operations: Grasp the essential regulations and operational guidelines.

• Market Conduct: Learn the rules that govern ethical behavior and fair trading.

• Over-the-Counter Derivatives: Dive into the intricacies of non-exchange traded derivatives.

• Ethics, Codes, and Standards: Familiarize yourself with professional conduct specific to derivatives dealing.

• Derivatives Dealing Practices and Skills: Hone the practical skills required for day-to-day operations.

• Prevention of Financial Crimes: Build awareness to identify and combat financial malpractices.

About the Exam

Here are the key details at a glance:

• Question Format: 60 Multiple-Choice Questions (computer-based).

• Duration: 1.5 hours.

• Passing Score: 75%.

There are no exemptions for the RES 2B Exam, so every aspiring derivatives dealer must take it.