CMFAS RES5 · Concept lessons
Learn RES5 — why, not just what.
27 plain-English lessons covering the whole syllabus. Each one ends with the exam trap— the mistake candidates actually make — so you don't.
Part I · Rules & Regulations
~70% of the exam · pass mark 75%
1Financial Advisers Act (FAA) & FA Regulations — Advisers & Representatives2Conduct of Business, Powers of Authority & Offences3MAS Notices — Suitability, Balanced Scorecard & Selected-Client Safeguards4Customer Knowledge Assessment (CKA) vs Customer Account Review (CAR)5Excluded (EIP) vs Specified (SIP) Investment Products6AML/CFT — Customer Due Diligence (CDD)7AML/CFT — Enhanced Due Diligence (EDD) & PEPs8AML/CFT — Suspicious Transaction Reporting (STR) & Tipping-Off9AML/CFT — Record Keeping & Reliance on Third Parties10MAS Guidelines on Fair Dealing11Code on Collective Investment Schemes (CIS)12Central Provident Fund (CPF)13Needs Analysis
Part II · Ethics & Skills
~30% of the exam · pass mark 80%
1Professional Ethics & Professionalism2Ethical vs Unethical Behaviour3Conflict of Interest4Ethical Marketing & Sale of Financial Products5Developing Client Relationships & Fact-Finding6Analysing & Evaluating a Client's Financial Status7Developing Strategies, Presenting Recommendations & Reviewing Portfolios8Basic Financial Planning Process9Key MAS Notices under the FAA — A Reference Map *(Part I)*10Cancellation, Free-look & Cooling-off Periods *(Part I)*11Handling Client's Moneys & Assets + Remuneration Disclosure *(Part I)*12Types of Collective Investment Schemes & Their Restrictions *(Part I)*13Time Value of Money *(Part II — skills)*14Financial Planning by Need Area *(Part II — skills)*