The M8A mock exam & question bank
M8A (CM-CIS Part 2) is the CMFAS paper on derivatives and structured products. The syllabus is short at six chapters but technical, covering futures, options, and structured products in depth.
A representative recommends an investment-linked policy to a client. Under the Financial Advisers Act, what must the representative do before the client commits to the purchase?
Pass mark
70%
Format
Multiple-choice questions
Registration
Singapore College of Insurance (SCI)
Question bank
500+ questions
Official M8A exam fee (paid to Singapore College of Insurance (SCI)): S$150-250 incl. GST. Always confirm the current fee and pass mark with Singapore College of Insurance (SCI) before booking.
What makes M8A tricky
Derivatives need real understanding
Knowing the definition of a call option is not enough. You have to calculate profit and loss as the market moves, which static notes cannot teach.
Hard to find your weak chapters
Even with only six chapters, without analytics you waste study time on areas you already know instead of your real gaps.
Application questions, not just definitions
The exam asks you to apply products to real market scenarios rather than just recall what they are.
What M8A covers
- Futures and forwards
- Options and option payoffs
- Structured products
- Profit and loss on derivative positions
- Risk and hedging
- Regulation of structured and derivative products
How to prepare for M8A with CMFAS Prep
The same practice loop candidates use to walk in ready and pass on the first try.
Practice that targets your weak chapters
After each mock exam the engine reviews every answer, finds the chapters you scored lowest in, and builds a quiz from just those topics. You spend your time where it moves your score.
- Targeted practice built in seconds
- Adapts as your scores change
- Focuses on the chapters costing you marks
Instant feedback and a clear explanation every time
Learn as you practise. Every question gives an immediate right or wrong mark with a plain-English explanation, so the concept sticks the first time instead of on exam morning.
- Immediate right or wrong feedback
- A clear explanation for every question
- Less time re-reading dense notes
A mock that feels like the real paper
Sit a full paper under the official timing and question style, with results shown only at the end. You walk into the real exam already knowing how it feels and where you stand.
- Matches the official timing and structure
- Answers revealed only after you submit
- Builds the stamina a full paper needs
Don't just practise. Prepare the smart way.
Advisers who passed M8A
The best in the market.
“Many mock papers have no explanations and poor credibility. This is by far the best platform I've seen.”
Ethan L.
Financial Adviser, Great Eastern
Best $39 I've spent.
“After multiple failed attempts studying outdated RES 5 (formerly M5) papers from my agency, I found CMFAS Prep on Google and passed after using it for about a week. Highly recommended.”
Jaceoo
Passed RES 5
The winning formula.
“Passed M9 on the first attempt. The Quick Guide plus ten rounds of practice questions was the winning formula. Worth every cent of S$89.90, and a must for aspiring financial advisers.”
Bryan T.
Passed M9
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- Clear, simple explanations for every question
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3 months access
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- Full access to RES 5, M9, M9A & HI
- Unlimited practice
- Always up-to-date 2026 syllabus
- Clear, simple explanations for every question
- Pass Guarantee included
Free M8A guides
Use these free guides to plan your study and master the toughest topics.
Prepare with us and pass, or study free until you do.
Every plan includes the Pass Guarantee. It is on the platform, not buried in fine print, because we would rather earn your result than your refund request.
- 1
Complete at least two full mock exams on the platform.
- 2
If you still don't pass your official exam, email us a photo of your result slip.
- 3
We extend your access by another month, free, so you can go again.
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M8A questions, answered
Ready to pass M8A on your first try?
Practise on real exam-style questions, fix your weak chapters, and sit the paper with no surprises.