⚠️ ADVANCED DIFFICULTY — MOCK EXAM 3

Mock Exam 3

The hardest exam in the series. Features advanced CIPF calculations, complex tax edge cases (phantom income, Superficial Loss across accounts), derivatives math, and intricate ethical scenarios.

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What makes this exam hard?
Multi-step math (naked call P&L, Seg Fund reset calculations), tricky distinctions (Coercive Tied Selling vs. Bundling, Grey List vs. Restricted List), advanced tax mechanics (phantom income, ACB traps), and complex scenario-based ethics questions designed to test nuanced judgment.
110
Total Questions
150 min
Time Limit
70%
Pass Mark
📚
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Exam Structure

🏛️
Overview of Regulatory Framework11 Qs
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Prospective Client Relationships11 Qs
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Scope of Client Relationships17 Qs
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Client Complaints Handling6 Qs
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Market and Company Analysis9 Qs
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Market Integrity, Trade Execution & Settlement13 Qs
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Securities, Managed Products & Mutual Funds21 Qs
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Derivatives6 Qs
⚖️
Conflicts of Interest and Ethics16 Qs