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UK Financial Services, Regulation and Ethics (CF1)

The default Enrolment option for this unit includes:

(1) 12-month access to the latest study material, in digital format only, delivered on RevisionMate. This includes, the study text, plus revision aids: Key Facts Booklet, Knowledge Checker, E-learn.

(2) Assessment entry – this includes an exam voucher that is valid for 18 months.

 

Access to digital study material as part of your Enrolment

You will have access to your digital study material on RevisionMate for 12 months from the date of purchase. If a new edition of the study material is released during this period, you will automatically receive access to the material on RevisionMate and will be notified via email.

Study material currently available on RevisionMate

2024–25 edition (applicable to exams sat 01 September 2024 to 31 August 2025)

A new edition of the study text is usually available in July every year.

Course delivery via RevisionMate

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer.

Printed study text

If you have chosen the ‘Digital and print’ option when purchasing your Enrolment, you will receive the latest edition of the printed study text (2025–26). This is in addition to the digital material on RevisionMate.

If the next edition (2026–27) is released during your 12-month enrolment, you will automatically receive access to the digital copy on RevisionMate. You can contact Customer Service to also receive a printed study text.

The default Enrolment option for this unit includes:

(1) 12-month access to the latest study material, in digital format only, delivered on RevisionMate. This includes, the study text, plus revision aids: Key Facts Booklet, Knowledge Checker, E-learn.

(2) Assessment entry – this includes an exam voucher that is valid for 18 months.

 

Access to digital study material as part of your Enrolment

You will have access to your digital study material on RevisionMate for 12 months from the date of purchase. If a new edition of the study material is released during this period, you will automatically receive access to the material on RevisionMate and will be notified via email.

Study material currently available on RevisionMate

2024–25 edition (applicable to exams sat 01 September 2024 to 31 August 2025)

A new edition of the study text is usually available in July every year.

Course delivery via RevisionMate

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer.

Printed study text

If you have chosen the ‘Digital and print’ option when purchasing your Enrolment, you will receive the latest edition of the printed study text (2025–26). This is in addition to the digital material on RevisionMate.

If the next edition (2026–27) is released during your 12-month enrolment, you will automatically receive access to the digital copy on RevisionMate. You can contact Customer Service to also receive a printed study text.

UK Financial Services, Regulation and Ethics (CF1) develops your understanding of the financial services industry including regulation and legislation.

The unit focuses on the three inter-linked topics of regulation, financial products and services, and ethics within financial services in the UK.

We consider the main asset classes of cash, fixed interest investment, equities and property; and identifying the financial products and services that customers need in different stages of their lives and how these needs can be satisfied by the profession.

Within then consider the obligations financial advisers have to consumers and consumers’ perceptions of financial services, including the process of providing financial advice, identifying a client’s needs, the products and services available to satisfy those needs and the role State benefits might play when providing advice.

We move on to look at the main aspects of the UK legal system an adviser should be familiar with, including powers of attorney, the laws of contract and agency, types of property and its ownership, insolvency and bankruptcy, and the administration of estates.

Finally, we examine regulation, rules and the regulators who enforce these rules to help ensure that markets work with integrity and customers are protected and treated fairly. We look at the work of the Financial Conduct Authority (FCA) and the roles of UK and European regulators and how they link together.

Building a successful career in personal finance

UK Financial Services, Regulation and Ethics (CF1) is ideal for anyone working in administrative, operational and technical support roles.

Learning outcomes

At the end of this unit, candidates should be able to demonstrate a knowledge and understanding of the:

  • purpose and structure of the UK financial services industry;
  • different financial asset classes and product types;
  • process of giving advice and the main areas covered;
  • ethics, regulatory processes, rules and legislation underpinning UK financial services;
  • use of the financial regulators’ powers and responsibilities to protect the market’s integrity and the impact on individuals and firms of these regulators’ powers.

Assessment

  • 2 hour exam
  • 100 multiple choice questions
  • The standard pass mark is 70% (for more information on standard pass marks please see here)
  • The 2024 pass rate for this unit was 64.7%

Units treated as equivalent

Due to the extent of syllabus overlap, certain combinations of current and withdrawn 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

Revision aids available ** Please check individual shop pages for availability dates **

The revision aids available for this unit are listed below. Find out more details.

  • Key Facts Booklet
  • Knowledge Checker
  • E-learn

Note for purchasing revision aids: please make sure you do not already have the revision aid(s) as part of any Enrolment plus purchase.   

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