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Monetary Authority of Singapore

CMFAS CM-EIP, CM-SIP and CM-CMP product knowledge study map

How Singapore CM-EIP, CM-SIP, and CM-CMP product knowledge modules fit securities, CIS, derivatives, FX, and client-facing representative roles.

Exam focus

Capital markets product knowledge modules for excluded investment products, specified investment products, and combined capital markets products.

Who this helps

  • - Securities and CIS representatives
  • - Derivatives and FX representatives
  • - Fund distribution teams
  • - Compliance teams checking product knowledge evidence

Why this matters

  • - IBF's new-CMFAS announcement identifies CM-EIP, CM-SIP, and CM-CMP product knowledge modules under the current structure.
  • - Product knowledge should match the actual products the representative discusses, deals, markets, or advises on.
  • - The product-knowledge route often sits beside RES dealing, fund management, or financial advisory analysis.

Study map

Product scope

  • - Map excluded investment products, specified investment products, securities, CIS, derivatives, and foreign exchange before choosing the product-knowledge route.
  • - Connect products to client classification, risk disclosure, knowledge/experience checks, and suitability or advice boundaries.

Evidence and controls

  • - Keep product module evidence with RES module evidence, role scope, product permissions, supervisor review, and notification records.
  • - Tie product knowledge to product due diligence, approved product lists, sales scripts, complaints, and ongoing training.

Licensing tie-in

  • - CM-EIP, CM-SIP, or CM-CMP evidence is product knowledge evidence; it does not replace the principal's licence or representative notification.
  • - The right module depends on product type and the representative's activity, not only the employer's job title.
  • - Product knowledge should be aligned with dealing, advising, fund marketing, and client classification controls.

Booking and sponsorship

  • - Use IBF's CMFAS page and new-CMFAS announcement to verify current module names and product scope.
  • - Use IBF's exam FAQ for registration, study-guide, result-slip, and exam-format details.
  • - Use MAS competency sources before relying on exemptions or transition assumptions.

Verify before studying

  • - Whether the product set is EIP, SIP, a combination of capital markets products, or a financial advisory product mix.
  • - Whether the person deals, advises, markets funds, or only supports operations.
  • - Whether product knowledge is paired with RES 1, RES 2, RES 12B, RES 3, RES 4, RESP 10, or SCI-administered financial advisory modules.

Common mistakes

  • - Choosing product modules from product names alone without mapping the regulated activity.
  • - Ignoring client classification and suitability/knowledge assessment controls.
  • - Treating product knowledge as a substitute for RES modules or MAS notification.

Disclaimer

Information on LicenseCompare is for general educational purposes only and does not constitute legal, regulatory, financial, tax, investment, or professional advice. Licensing requirements depend on facts and change over time. Always consult official regulator materials and qualified professional advisers.