Your basket is now empty
- Format Preference: {{prod.Format}}
- Language: {{prod.Language}}
- Edition: {{prod.Edition}}
- Enrolment Preference: {{prod.EnrolmentType}}
We begin by looking at the purpose and structure of UK financial services, how it operates in the UK and also in a European and global context. We consider the roles of UK and European regulators and how they link together to develop the framework of regulation that now exists.
We then consider the financial products and services consumers need in different stages of their lives and how these needs can be satisfied by developing solutions to meet them.
This unit looks at the laws and legal concepts relevant to financial advice and the regulation of financial services, including the Financial Services Act 2012. We look at the Financial Conduct Authority’s responsibilities and approach to regulation, the principles and rules as set out in the regulatory framework and how to apply the regulatory advice framework in practice for the consumer.
We then look at client advising skills, including communicating, gathering information, assessment and analysis, conclusions and recommendations.
Finally, we examine the financial regulators’ use of principles and outcomes-based regulation to promote ethical and fair outcomes, and how to apply the Code of Ethics and professional standards to business behaviours of individuals.
Building a successful career in personal finance
Financial Services, Regulations and Ethics (R01) is a core unit for the Diploma in Regulated Financial Planning which meets the FCA’s qualification requirements for retail investment advisers. This unit is relevant for paraplanners, technical consultants and those in financial planning support roles. It is also relevant for those seeking additional CII credits towards completion of the Diploma in Financial Planning. those who do not hold additional CII credits counting towards completion of the Diploma in Financial Planning.
Purpose
At the end of this unit, candidates will have investigated the:
Assessment
Course delivery
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 or the unit is available as a pre-order.
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.
Note for purchasing revision aids: please make sure you do not already have the revision aid(s) as part of any Enrolment plus purchase.
Study material - editions available
2024-25 edition (applicable to exams sat 01 Sep 2024 to 31 Aug 2025)
Format: {{prod.Format}}
Edition: {{prod.Edition}}
These updates are Learning Solutions updates for study purposes.
2024-25 edition
To view a list of the main areas of change in the 2024-25 edition, please click here
Chancellor's Budget/Statement and tax tables updates for 2024-25 edition:
2023-24 edition
To view a list of the main areas of change in the 2023-24 edition, please click here
Study text updates:
R01_2023-24_web_update_2_30-05-2024
R01_2023-24_web_update_1_31_07-2023
Chancellor's Budget/Statement and tax tables updates for 2023-24 edition:
Testing Position
Tax year
The tax year 2024/2025 will be examined from 1 September 2024 until 31 August 2025.
Capital Gains Tax
Changes to the Capital Gains Tax rate specific to the tax year 2024/2025 came into effect on 30 October 2024. Examinations will be reflective of these changes from 30 January 2025.
Financial Ombudsman Service Award Limit Change
Changes to the Financial Ombudsman Service (FOS) award limits come into effect on 1 April 2024. Examinations will be reflective of these changes from 1 July 2024.
Intestacy rules
Changes to the Intestacy rules come into effect on 26 July 2023. Examinations will be reflective of these changes from 26 October 2023.
The R01 Examination Guide for exams from 1 September 2023 to 31 August 2024 was first published in June 2022. Any questions which have been amended since the examination guide was first published will appear below.