The objectives of the CMFAS Exam for Module 8A – Collective Investment Schemes II are to test candidates on their knowledge and understanding of the features, types, advantages and disadvantages of structured products, comparison with other investment options, governance structure, documentation and risks associated with the investment of structured products, particularly structured funds, elaborating on common examples, as well as to evaluate some examples of structured funds on product features, inherent risks, and performance under various market conditions in determining product suitability for the clients. It also discusses the various types of derivatives in the market, both on-the-exchange and over-the-counter.