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Chartered Insurance Institute
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Key information


What does the qualification involve?

The Certificate comprises one core unit and one option unit from across the CII Personal Finance qualifications framework, providing a minimum of 25 credits on successful completion.

Candidates are required to take one of the following core units:

  • (R01) Financial services, regulation and ethics, or
  • (CF1) UK financial services, regulation and ethics

And one of the following option units:

  • (FA4) collective investment scheme administration
  • (FA5) Individual savings accounts administration
  • (FA6) Investment client servicing

There is no prescribed order in which units must be taken, but it is strongly recommended that you sit the core unit first as these provide foundation knowledge upon which the others build.

For unit syllabuses, return to the Certificate in investment operations landing page, and click on the ‘Syllabuses’ link to the right of the page.

Unit overview:

Unit

Assessment method

Study hours*

Credits awarded

Unit level

 

 

 

 

 

(R01) Financial services, regulation and ethics

·         2-hour exam

·         100 multiple choice questions

·         65% nominal pass mark**

60

20

4

(CF1) UK financial services, regulation and ethics

·         2-hour exam

·         100 multiple choice questions

·         70% nominal pass mark**

60

15

3

(FA4) Collective investment scheme administration

·         1-hour exam

·         50 multiple choice questions

·         70% nominal pass mark**

70

10

3

(FA5) Individual savings account administration

·         1-hour exam

·         50 multiple choice questions

·         70% nominal pass mark**

70

10

3

(FA6) Investment client servicing

·         1-hour exam

·         50 multiple choice questions

·         70% nominal pass mark**

70

10

3

Find out more about assessment methods, including exam policies and centres »


Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn CII units will result in only one award of credits.

If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.

Find out more about credit awards for equivalent units »

 

*The recommended minimum study hours will vary depending on your experience and ability.

** The actual pass mark may vary from one session to another to ensure consistency in pass standards.