CeMAP 1 UK Financial Regulation: Online course

Course introduction
This online course will enable you to understand the key subject areas in relation to UK Financial Regulation.

The learning outcomes are appropriate for someone studying for the CeMAP 1 exam on UK Financial Regulation.

Course material
The course material consists of:

  • 12 chapters of study notes containing several examples
  • Revision assessments for each section to help confirm your understanding.
  • Glossary of key terms

This online course is designed to complement the ifs study text. It has been created as a study aid to cover the key syllabus areas and act as an introduction to the study material, help you focus on key areas and provide varied content to assist you with your exam preparation.

Case study and final assessments
In addition, on completion of the course, you will have the opportunity to complete a case study incorporating 20 multiple choice questions and twp final 20 question assessments.

Additional information
Access is provided for 6 months and includes syllabus updates. If you purchase multiple training modules a discount is available along with longer access periods.

CeFA 1 exam course

Provided FREE when you purchase any training module. Included are 5 online courses covering learning skills on: time management, exams, study, reading & memory.

CPD credit
You will be credited with a total of 11 hours of CPD with the time added to your certificate on the completion of each assessment. Your CPD hours and results will be added to your CPD certificate which can be viewed and printed from the CPD certificate link on the menu at any time.

Learning outcomes:
1. To understand the fundamental purpose of and participants within the financial services industry
2. To understand the following asset classes, their main features and suitability for certain circumstances: 

  • Cash deposits
  • Government securities and corporate bonds
  • Equities
  • Property.

3. To understand the following product types, their main features and suitability for certain circumstances:

  • OEICs and unit trusts
  • Investment trusts
  • Individual Savings Accounts (ISAs)
  • Offshore funds
  • Onshore and offshore life assurance company products
  • Derivatives
  • Mortgage loans.

4. To understand the main areas of financial advice
5. To understand the advice process
6. To understand legal issues and their relevance to providing financial advice
7. To understand the basics of the UK taxation and social security system
8. To understand certain key economic factors that have an impact on financial planning
9. To understand the main aims and activities of the FCA
10. To understand the FCA’s approach to regulation
11. To understand the effect of the control structures of firms and how these relate to the FCA
12. Understand the FCA’s Conduct of Business rules and their application to private and professional clients
13. Understand the effect of the Anti Money Laundering rules and regulations on providing financial advice
14. Understand the rules for complaints and compensation
15. Understand the basics of the access to Medical Reports Act, Access to health records Act  and the Data Protection Act and their affect on the provision of financial advice and recommendations
16. Understand the relevance of some other non tax laws on the provision of providing financial advice and recommendations.

Full course content:

Chapter 1 The Structure of the UK financial services environment
The economic environment
The financial services industry
Financial institutions and markets in the UK

Chapter 2 Asset classes
Fixed interest securities

Chapter 3 – Financial services products
Collective investments

Chapter 4 – Main Areas of Financial Advice
Savings and investments
Retirement planning
Estate planning
Tax planning

Chapter 5 – Process of providing financial advice
Advice process

Chapter 6 – Legal environment
Legal identity
Law of contract and capacity
Law of agency
Law of succession and trusts
Ownership of property
Powers of attorney
Bankruptcy and insolvency

Chapter 7 – Taxation
Liability to UK tax
Income tax
Capital gains tax
Stamp duty land tax and stamp duty/stamp duty reserve tax
Inheritance tax

Chapter 8 – National Insurance and Social Security Benefits
National Insurance
Social Security

Chapter 9 – The Financial Conduct Authority’s (FCA) approach to regulation
Financial Services and Markets Act 2000
FCA objectives
FCA scope and powers
FCA principles for business
Treating Customers Fairly
Arrangements, systems and controls for approved persons
Authorised firms
Types of adviser
Capital requirements
FCA approach to supervision
FCA approach to discipline and enforcement

Chapter 10 – FCA rules of firms’ control structures
Advertising and promotion
Reporting and record keeping
Training and competence

Chapter 11 – FCA Conduct of Business Rules
Purpose of COBS rules and types of customer
Client agreements
Status of advisers and status disclosure
Advice and know your customer
Suitability of advice
Charges, commission and disclosure
Cooling off and cancellation
Dealing and managing
General Insurance

Chapter 12 Other Regulation
Anti Money Laundering regulation
Complaints and compensation
Access to medical reports Act and Access to Health records Act
Data Protection Act
Office of Fair Trading
Consumer Credit Acts
Pensions Regulator
Employment Equality (Age) Regulations

Chapter 13 Glossary

Many financial advisers that purchase this training module also subscribe to our CPD system.

Which CPD camp are you in? (audiovisual presentation)