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CMFAS study-text versions: which edition each exam is based on

Each exam below is set on a specific version of its study text.

The Singapore College of Insurance (SCI) publishes the study texts for the CMFAS modules it runs, for HI – Health Insurance and for its general insurance modules. The Institute of Banking and Finance (IBF) publishes the study guides for CMFAS CM-EIP and CM-SIP.

This page lists the current version for each exam, the date it became examinable where SCI or IBF has published one, and any change SCI has announced.

Sources: SCI, "Release of new versions of study texts for regulatory examinations" (updated 30 June 2026); IBF study-guide listing; the Version Control Record in each SCI eBook.

ExamStudy textExaminable fromAnnounced change
CMFAS M9 (Life Insurance and Investment-Linked Policies)7th Edition, Version 1.222 Sep 2026None announced
CMFAS M9A (Life Insurance and Investment-Linked Policies II)3rd Edition, Version 1.1Not in SCI's noticeNone announced
CMFAS RES5 (Rules, Ethics and Skills for Financial Advisory Services)1st Edition, Version 1.322 Sep 2026None announced
HI – Health Insurance (SCI)8th Edition, Version 1.2, for exams before 22 Oct 2026Not in SCI's notice9th Edition, Version 1.0, examinable from 22 Oct 2026
CMFAS M8 (Collective Investment Schemes)7th Edition, Version 1.1Not in SCI's noticeNone announced
CMFAS M8A (Collective Investment Schemes II)3rd Edition, Version 1.1Not in SCI's noticeNone announced
CMFAS CM-EIP (Capital Markets – Excluded Investment Products), IBFVersion 1.1 (IBF listing date: Nov 2024)Not in IBF's listingIBF lists new versions when published
CMFAS CM-SIP (Capital Markets – Specified Investment Products), IBFVersion 1.1 (IBF listing date: Jan 2026)Not in IBF's listingIBF lists new versions when published
BCP (Basic Insurance Concepts and Principles), SCI general insurance8th Edition, Version 1.13 Aug 2026None announced
PGI (Personal General Insurance), SCI general insurance8th Edition, Version 1.0Not in SCI's noticeNone announced
ComGI (Commercial General Insurance), SCI general insurance8th Edition, Version 1.1Not in SCI's noticeNone announced

SCI's release notice (updated 30 June 2026) gives examinable dates, and announces changes, only for the versions it lists. "Not in SCI's notice" means the notice gives no date for that version. IBF's listing shows each version with a month and year, and no exam date.

CMFAS M9: Life Insurance and Investment-Linked Policies

The CMFAS M9 exam is set on SCI's 7th Edition, Version 1.2, released on 20 July 2026 and examinable from 22 September 2026. It replaced Version 1.1 (December 2025). Our M9 study notes and practice questions were updated to Version 1.2 on 22 September 2026.

VersionReleasedExaminable from
7th Edition, Version 1.220 July 202622 September 2026
7th Edition, Version 1.1December 2025Not in SCI's notice
7th Edition, Version 1.0February 2024Not in SCI's notice

The 7th Edition was published in February 2024. The M9 study text was first published in 2002.

CMFAS M9A: Life Insurance and Investment-Linked Policies II

The CMFAS M9A exam is set on SCI's 3rd Edition, Version 1.1. SCI's release notice lists no new version of this text.

VersionReleasedExaminable from
3rd Edition, Version 1.1December 2025Not in SCI's notice
3rd Edition, Version 1.0April 2023Not in SCI's notice

CMFAS RES5: Rules, Ethics and Skills for Financial Advisory Services

The CMFAS RES5 exam is set on SCI's 1st Edition, Version 1.3, released on 20 July 2026 and examinable from 22 September 2026. It replaced Version 1.2 (December 2025). Our RES5 study notes and practice questions were updated to Version 1.3 on 22 September 2026.

VersionReleasedExaminable from
1st Edition, Version 1.320 July 202622 September 2026
1st Edition, Version 1.2December 2025Not in SCI's notice
1st Edition, Version 1.1December 2024Not in SCI's notice
1st Edition, Version 1.0February 2024Not in SCI's notice

The RES5 1st Edition was published in February 2024.

HI – Health Insurance

SCI's HI – Health Insurance exam is set on:

VersionReleasedExaminable from
9th Edition, Version 1.020 July 202622 October 2026
8th Edition, Version 1.2December 2025Not in SCI's notice
8th Edition, Version 1.1December 2024Not in SCI's notice
8th Edition, Version 1.0December 2023Not in SCI's notice

The HI study text was first published in 2001. The 8th Edition was published in December 2023 and the 9th Edition in July 2026.

CMFAS M8: Collective Investment Schemes

The CMFAS M8 exam is set on SCI's 7th Edition, Version 1.1 (December 2025). SCI's release notice lists no new version of this text.

VersionReleasedExaminable from
7th Edition, Version 1.1December 2025Not in SCI's notice
7th Edition, Version 1.0April 2023Not in SCI's notice

CMFAS M8A: Collective Investment Schemes II

The CMFAS M8A exam is set on SCI's 3rd Edition, Version 1.1. SCI's release notice lists no new version of this text.

VersionReleasedExaminable from
3rd Edition, Version 1.1December 2025Not in SCI's notice
3rd Edition, Version 1.0April 2023Not in SCI's notice

CMFAS CM-EIP: Capital Markets – Excluded Investment Products

IBF's study guide for CMFAS CM-EIP is Version 1.1, shown on IBF's study-guide listing with the date November 2024. IBF updates its study guides from time to time and asks candidates to make sure they have the latest version before they sit the exam.

VersionIBF listing date
Version 1.1November 2024

CMFAS CM-SIP: Capital Markets – Specified Investment Products

IBF's study guide for CMFAS CM-SIP is Version 1.1, shown on IBF's study-guide listing with the date January 2026. IBF updates its study guides from time to time and asks candidates to make sure they have the latest version before they sit the exam.

VersionIBF listing date
Version 1.1January 2026

BCP: Basic Insurance Concepts and Principles

SCI's BCP exam, part of its Certification in General Insurance, is set on the 8th Edition, Version 1.1, released on 3 August 2026 and examinable from 3 August 2026.

VersionReleasedExaminable from
8th Edition, Version 1.13 August 20263 August 2026
8th Edition, Version 1.0December 2025Not in SCI's notice

PGI: Personal General Insurance

SCI's PGI exam, part of its Certification in General Insurance, is set on the 8th Edition, Version 1.0. SCI's release notice lists no new version of this text.

VersionReleasedExaminable from
8th Edition, Version 1.0December 2025Not in SCI's notice

ComGI: Commercial General Insurance

SCI's ComGI exam, part of its Certification in General Insurance, is set on the 8th Edition, Version 1.1 (April 2026). SCI's release notice lists no new version of this text.

VersionReleasedExaminable from
8th Edition, Version 1.1April 2026Not in SCI's notice

Last updated: 24 September 2026