The Module 5 Exam applies all persons who wish to provide any of the following financial advisory services:
- Advise on securities and / or futures;
- Advise on and / or arrange life insurance (whether or not include investment-linked policies);
- Advise on and / or market of collective investment schemes.

Exam Syllabus (5th Edition)


- The Regulatory Bodies and Associations
- Financial Advisers Act And Financial Advisers Regulations - Financial Advisers And Representatives
- Financial Advisers Act And Financial Advisers Regulations - Conduct of Business, Powers Of Authority And Offence
- Notices and Circulars of MAS and FAA
- Prevention Of Money Laundering And Countering The Financing Of Terrorism - Financial Advisers
- MAS Guidelines
- Revised Code On Collective Investment Schemes
- Central Provident Fund (CPF)
- Needs Analysis

About the Exam

This exam has retired WEF 1 April 2024. You would likely need to take the new RES 5 exam instead. Please seek clarification with the compliance department of your employer.

For more details on the exam changes, exemptions and competency requirements, search for MAS Notice SFA-04-N22 and FAA-N26.