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Investment principles and risk

R02 (20 Diploma credits)

The objective of this unit is to develop knowledge and understanding of investment products and the application of the investment advice process.

Download 2017-2018 syllabus »

Download 2018-2019 syllabus »

Prepare for success with Enrolment plus

Improve your chances of exam success with Enrolment plus and receive extra R02 revision aids with your enrolment.

Save while you study: Members save £70 purchasing extra revision aids with Enrolment plus. Non-members save £81.

Important notice about study text

You can only purchase the study text as part of Enrolment/Enrolment plus. Please refer to the related FAQs for more information: Changes to Enrolment FAQ's

Not a member?

Members receive exclusive discounts on CII tuition, courses and exam entry


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Enrolment plus – 2018–19 edition (applicable to exams sat 01 Sep 18 to 31 Aug 19)

Members
£259.00
Non-members
£348.00
Includes Enrolment for R02, study text (printed, ebook + printable PDF) with updates, RevisionMate, exam guide and exam entry, PLUS revision aids: key facts booklet (printed, ebook + printable PDF), question pack 1, Learn interactive tutorial and audio revision

Study text
This includes a printed study text, ebook and a printable PDF (ebook and PDF available on RevisionMate, with access granted until 31 Aug 2019 when your enrolment expires) with electronic updates. Updates will be made available for the examination period to which the study text relates (further details are included on the title page of the study text).

Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

ebook
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printable PDF
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

• ensure you have sufficient paper/ink/toner before starting to print; and

• print double-sided, if supported by your printer.

RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: access is granted until 31 Aug 2019 when this study text enrolment expires.

Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.

Examination guide
This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.

Exam entry
Exams can be booked at the point of enrolment or at a later date.

Key facts booklet
Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical. This includes a printed booklet, an ebook (or e-key facts) and a printable PDF (e-key facts and PDF available on RevisionMate, with access granted until 31 Aug 2019). The guidelines for the study text ebook and printable PDF also apply for the key facts booklet.

Question pack 1
Delivered online through RevisionMate, packs contain 300 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus. Question feedback is provided in the form of a chapter reference to the specific areas being tested in the official CII study text for this unit.

Note: Two packs are available for this unit - each contains different sets of questions.

Access to the course will not be granted after 31 Aug 2019.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, these are not past papers. While questions are designed to test knowledge of the unit syllabus in preparation for the exam, they are not a product of the same development process as the actual CII examination question bank.

Learn interactive tutorial
Online tutorial providing highly interactive study, backed by an assessment tool to check understanding as you progress with your studies.

Please note: 

  • Access to the course will not be granted after 31 Aug 2019.
  • Due to content formatting, the tutorial is best viewed on a tablet or larger screen size.
  • This is designed to complement, not replace, the primary study text. It provides visually engaging and therefore memorable learning, but it covers only key and difficult topics, not the entire syllabus.

Try the course demo here »

Minimum system requirements:

  • Operating system: Windows/MacOS/Android/iOS devices.
  • Web browser: Latest versions of IE/Safari/Firefox/Chrome.
  • Computer/laptop users: Latest version of Adobe Flash player. 

Audio revision
Audio downloads provide an ideal way to reinforce the learning from the study text. They cover the key elements of each subject and last around 3–5 hours, depending on the subject. Produced by Patterson Audio.

Please note: this edition is applicable to exams sat from 01 Sep 2018 to 31 Aug 2019 and access to the audio course will not be granted after 31 Aug 2019 but downloaded files will never expire.

Instructions on how to download your audio material will be sent to your registered email address within 2 working days of your order being placed.

 


Includes Enrolment for R02, study text (printed, ebook + printable PDF) with updates, RevisionMate, exam guide and exam entry, PLUS revision aids: key facts booklet (printed, ebook + printable PDF), question pack 1, Learn interactive tutorial and audio revision

Study text
This includes a printed study text, ebook and a printable PDF (ebook and PDF available on RevisionMate, with access granted until 31 Aug 2019 when your enrolment expires) with electronic updates. Updates will be made available for the examination period to which the study text relates (further details are included on the title page of the study text).

Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

ebook
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printable PDF
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

• ensure you have sufficient paper/ink/toner before starting to print; and

• print double-sided, if supported by your printer.

RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: access is granted until 31 Aug 2019 when this study text enrolment expires.

Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.

Examination guide
This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.

Exam entry
Exams can be booked at the point of enrolment or at a later date.

Key facts booklet
Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical. This includes a printed booklet, an ebook (or e-key facts) and a printable PDF (e-key facts and PDF available on RevisionMate, with access granted until 31 Aug 2019). The guidelines for the study text ebook and printable PDF also apply for the key facts booklet.

Question pack 1
Delivered online through RevisionMate, packs contain 300 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus. Question feedback is provided in the form of a chapter reference to the specific areas being tested in the official CII study text for this unit.

Note: Two packs are available for this unit - each contains different sets of questions.

Access to the course will not be granted after 31 Aug 2019.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, these are not past papers. While questions are designed to test knowledge of the unit syllabus in preparation for the exam, they are not a product of the same development process as the actual CII examination question bank.

Learn interactive tutorial
Online tutorial providing highly interactive study, backed by an assessment tool to check understanding as you progress with your studies.

Please note: 

  • Access to the course will not be granted after 31 Aug 2019.
  • Due to content formatting, the tutorial is best viewed on a tablet or larger screen size.
  • This is designed to complement, not replace, the primary study text. It provides visually engaging and therefore memorable learning, but it covers only key and difficult topics, not the entire syllabus.

Try the course demo here »

Minimum system requirements:

  • Operating system: Windows/MacOS/Android/iOS devices.
  • Web browser: Latest versions of IE/Safari/Firefox/Chrome.
  • Computer/laptop users: Latest version of Adobe Flash player. 

Audio revision
Audio downloads provide an ideal way to reinforce the learning from the study text. They cover the key elements of each subject and last around 3–5 hours, depending on the subject. Produced by Patterson Audio.

Please note: this edition is applicable to exams sat from 01 Sep 2018 to 31 Aug 2019 and access to the audio course will not be granted after 31 Aug 2019 but downloaded files will never expire.

Instructions on how to download your audio material will be sent to your registered email address within 2 working days of your order being placed.

 

Enrolment – 2018–19 edition (applicable to exams sat 01 Sep 18 to 31 Aug 19)

Members
£185.00
Non-members
£265.00
Enrolment for R02 includes: study text (printed, ebook + printable PDF) with updates, RevisionMate, exam guide and exam entry

Study text
This includes a printed study text, ebook and a printable PDF (ebook and PDF available on RevisionMate, with access granted until 31 Aug 2019 when your enrolment expires) with electronic updates. Updates will be made available for the examination period to which the study text relates (further details are included on the title page of the study text).

Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

ebook
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printable PDF
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

• ensure you have sufficient paper/ink/toner before starting to print; and

• print double-sided, if supported by your printer.

RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: access is granted until 31 Aug 2019 when this study text enrolment expires.

Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.

Examination guide
This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.

Exam entry
Exams can be booked at the point of enrolment or at a later date.


Enrolment for R02 includes: study text (printed, ebook + printable PDF) with updates, RevisionMate, exam guide and exam entry

Study text
This includes a printed study text, ebook and a printable PDF (ebook and PDF available on RevisionMate, with access granted until 31 Aug 2019 when your enrolment expires) with electronic updates. Updates will be made available for the examination period to which the study text relates (further details are included on the title page of the study text).

Developed to assist you in understanding and learning the exam syllabus, the study text breaks down the syllabus into concise sections, with each chapter containing clearly defined learning outcomes and a series of self-test questions.

ebook
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printable PDF
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

• ensure you have sufficient paper/ink/toner before starting to print; and

• print double-sided, if supported by your printer.

RevisionMate
You will have access to an unrivalled suite of online services to support your studies through our RevisionMate study tool. Please note: access is granted until 31 Aug 2019 when this study text enrolment expires.

Support typically includes a study planner, a knowledge check (multiple-choice test) facility covering each chapter, student discussion forum, the latest examination guide and hints and tips on how to pass the exam. Full details will be provided with your study text.

Examination guide
This consists of a specimen examination (with multiple-choice questions), answers and useful hints on how to prepare for the examination.

Exam entry
Exams can be booked at the point of enrolment or at a later date.

Book exam without Enrolment/Enrolment plus or redeem exam voucher or book re-sit

Prices displayed apply to those who wish to book an exam without a unit registration or wish to purchase an exam re-sit. You can also book here if you have a valid exam voucher for which you will not be charged.

Members
£110.00
Non-members
£150.00
Unit R02 exam
 

Revision aids – 2018–19 editions (applicable to exams sat 01 Sep 18 to 31 Aug 19)

Members
£27.00
Non-members
£32.00
Key fact booklet (printed, ebook + printable PDF)

Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical. This includes a printed booklet, an ebook (or e-key facts) and a printable PDF (e-key facts and PDF available on RevisionMate, with access granted until 31 Aug 2019).

e-key facts
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printable PDF
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

• ensure you have sufficient paper/ink/toner before starting to print; and

• print double-sided, if supported by your printer.

Key fact booklet (printed, ebook + printable PDF)

Summarising the key information contained in the study text, a key facts booklet is perfect for studying when travelling to and from work or in situations when reading a study text is impractical. This includes a printed booklet, an ebook (or e-key facts) and a printable PDF (e-key facts and PDF available on RevisionMate, with access granted until 31 Aug 2019).

e-key facts
ebooks are compatible with most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones. They can also be viewed on desktop and laptop computers using appropriate EPUB/Kindle reader software (required).

ebooks are not PDF files and cannot be printed. The reading experience will depend on the portable device used or the reading software installed, if viewed on a computer.

To check that the file formats are compatible with your device/chosen e-reader software, click on the link to download a sample: Free sample chapters.

Printable PDF
PDFs can be opened and printed with Adobe Acrobat Reader (free download from http://www.adobe.com). You can also view a PDF on most portable electronic devices including Android tablets/smart phones, Kindles and iPads/iPhones.

It is strongly recommended that you:

• ensure you have sufficient paper/ink/toner before starting to print; and

• print double-sided, if supported by your printer.

Members
£27.00
Non-members
£32.00
Question pack 1

Delivered online through RevisionMate, packs contain 300 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus. Question feedback is provided in the form of a chapter reference to the specific areas being tested in the official CII study text for this unit.

Note: Two packs are available for this unit - each contains different sets of questions.

Access to the course will not be granted after 31 Aug 2019.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, these are not past papers. While questions are designed to test knowledge of the unit syllabus in preparation for the exam, they are not a product of the same development process as the actual CII examination question bank.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Question pack 1

Delivered online through RevisionMate, packs contain 300 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus. Question feedback is provided in the form of a chapter reference to the specific areas being tested in the official CII study text for this unit.

Note: Two packs are available for this unit - each contains different sets of questions.

Access to the course will not be granted after 31 Aug 2019.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, these are not past papers. While questions are designed to test knowledge of the unit syllabus in preparation for the exam, they are not a product of the same development process as the actual CII examination question bank.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Members
£27.00
Non-members
£32.00
Question pack 2

Delivered online through RevisionMate, packs contain 300 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus. Question feedback is provided in the form of a chapter reference to the specific areas being tested in the official CII study text for this unit.

Note: Two packs are available for this unit - each contains different sets of questions.

Access to the course will not be granted after 31 Aug 2019.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, these are not past papers. While questions are designed to test knowledge of the unit syllabus in preparation for the exam, they are not a product of the same development process as the actual CII examination question bank.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Question pack 2

Delivered online through RevisionMate, packs contain 300 questions and provide comprehensive, flexible and interactive self-testing of the unit syllabus. Question feedback is provided in the form of a chapter reference to the specific areas being tested in the official CII study text for this unit.

Note: Two packs are available for this unit - each contains different sets of questions.

Access to the course will not be granted after 31 Aug 2019.

Instructions on how to access the online question pack will be sent to your registered email address within two working days of your order being placed.

Please note, these are not past papers. While questions are designed to test knowledge of the unit syllabus in preparation for the exam, they are not a product of the same development process as the actual CII examination question bank.

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Members
£45.00
Non-members
£50.00
Learn online tutorial

Delivered via RevisionMate, this online tutorial provides highly interactive study, backed by an assessment tool to check understanding as you progress with your studies.

Please note: 

  • Access to the course will not be granted after 31 Aug 2019.
  • Due to content formatting, the tutorial is best viewed on a tablet or larger screen size.
  • This is designed to complement, not replace, the primary study text. It covers key and difficult topics, but not the entire syllabus.

Try the course demo here »

Minimum system requirements:

Operating system: Windows/MacOS/Android/iOS devices.

Web browser: Latest versions of IE/Safari/Firefox/Chrome.

Computer/laptop users: Latest version of Adobe Flash player. 

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Learn online tutorial

Delivered via RevisionMate, this online tutorial provides highly interactive study, backed by an assessment tool to check understanding as you progress with your studies.

Please note: 

  • Access to the course will not be granted after 31 Aug 2019.
  • Due to content formatting, the tutorial is best viewed on a tablet or larger screen size.
  • This is designed to complement, not replace, the primary study text. It covers key and difficult topics, but not the entire syllabus.

Try the course demo here »

Minimum system requirements:

Operating system: Windows/MacOS/Android/iOS devices.

Web browser: Latest versions of IE/Safari/Firefox/Chrome.

Computer/laptop users: Latest version of Adobe Flash player. 

Non-EU candidates should note: if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.

Members
£45.00
Non-members
£50.00
Audio revision

Audio downloads provide an ideal way to reinforce the learning from the study text. They cover the key elements of each subject and last around 3–5 hours, depending on the subject. Produced by Patterson Audio.

Please note: this edition is applicable to exams sat from 01 Sep 2018 to 31 Aug 2019 and access to the audio course will not be granted after 31 Aug 2019 but downloaded files will never expire.

Instructions on how to download your audio material will be sent to your registered email address within 2 working days of your order being placed.

Non-EU candidates should note:  if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.


 

Audio revision

Audio downloads provide an ideal way to reinforce the learning from the study text. They cover the key elements of each subject and last around 3–5 hours, depending on the subject. Produced by Patterson Audio.

Please note: this edition is applicable to exams sat from 01 Sep 2018 to 31 Aug 2019 and access to the audio course will not be granted after 31 Aug 2019 but downloaded files will never expire.

Instructions on how to download your audio material will be sent to your registered email address within 2 working days of your order being placed.

Non-EU candidates should note:  if buying this option from outside the EU, you will be charged a fee without VAT. The price you will see throughout the web checkout process will be inclusive of VAT, however if you are outside the EU, your card will be charged the 'ex VAT' price and this will be reflected in the receipt you receive when payment is complete.


 

Study text renewal

Members
£37.00
Non-members
£57.00
Upgrade your study text (printed, ebook + printable PDF) to the next edition

We offer the option for you to extend the life of your enrolment once your course has expired and receive the next edition of the study text together with electronic updates. This option is renewable on an annual basis.

Upgrade your study text (printed, ebook + printable PDF) to the next edition

We offer the option for you to extend the life of your enrolment once your course has expired and receive the next edition of the study text together with electronic updates. This option is renewable on an annual basis.

Introduction

CII qualifications involve the completion of one or more units, each covering an individually assessed topic. Assessment methods vary and depend on a unit's level and subject matter.


Study and assessment methods include:

  • Multiple-choice question (MCQ) exam - Study is based on a specified enrolment period, from 01 January – 31 December. MCQ exams are available weekly at UK and select non-UK online exam centres, or twice-yearly in April and October at non-UK paper-based exam centres.
  • Written exams - Study is based on a 12 month enrolment period from the date of purchase. Written exams are held twice-yearly in April and October, with the exception of unit R06 which is tested four times-yearly, at UK and non-UK exam centres.
  • Coursework assessment - Study is based on a 12 month enrolment period from the date of purchase. Three written assignments, each typically between 2,000 - 3,000 words, need to be passed.
    Download Insurance Coursework assessment guidelines and instructions »
    Download Personal Finance Coursework assessment guidelines and instructions >>
    Download Personal Finance Coursework assignment guidelines and instructions »
  • Mixed assessment - Study is based on a 18 month enrolment period from the date of purchase. A combination of a single coursework assignment must be passed within the first six months and a MCQ exam passed within 18 months.
    Download Mixed Assessment guidelines and instructions »
  • Dissertation assessment - Study is based on a 18 month enrolment period from the date of purchase. A dissertation, typically between 10,000 - 11,000 words, on an agreed subject must be submitted.
    Download Dissertation guidelines and instructions »

It is essential that candidates familiarise themselves with the guidelines and instructions. Candidates should also familiarise themselves with the coursework and dissertation policies as well as exam policies before the assessment, and notes to results post-assessment.

Diploma in Financial Planning units

Learning solutions update

These updates are Learning Solutions updates for study purposes.

2018-19 edition

To view a list of the main areas of change in the 2018-19 edition, please click here

Study text updates:

Pdf icon small R02_2018-19_web_update_1_16-08-2018

Chancellor's Budget/Statement and tax table updates:

Pdf icon small Spring Statement 2018

Pdf icon small Tax Tables 2018-19

Other information:

Pdf icon small Financial services current editions

 

Qualification update

Testing Position

  • Examinations are based on the published syllabus. Syllabuses are available free of charge on the CII website www.cii.co.uk or on request.
  • Candidates will be examined on the basis of law and practice in England unless otherwise stated. It should be assumed that all individuals are domiciled and resident in the UK unless otherwise stated.
  • The R02 examination consists of 100 multiple choice questions (MCQs): 72 standard format and 28 multiple response format. 2 hours are allowed for this examination.
  • The general rule is that the new tax year and changes arising from the Finance Act will be examined from 1 September each year. Other changes, not related to the Finance Act, will not be examined earlier than 3 months after they come into effect.
  • Candidates must keep up to date with legislative and industry changes that occur.

Tax year

  • The tax year 2017/2018 will be examined from 1 September 2017 until 31 August 2018.

MiFID II 

MiFID II comes into effect on 3 January 2018 and examinations will be reflective of the directive from 3 April 2018. Questions will be tested on the non-MiFID position unless otherwise stated.

EU referendum

On 23 June 2016, the UK voted to leave the European Union (EU).

The UK Government invoked 'Article 50' of the Lisbon Treaty on 29 March 2017. In doing so, the two-year negotiation period which will result in Britain leaving the EU began. This means that, at the time of publication, the UK's membership of the EU will cease on 29 March 2019.

Until this final 'withdrawal agreement' is entered into, the UK will continue to be a full member of the EU, compliant with all current rules and regulations, and firms must continue to abide by their obligations under UK law, including those derived from the EU, and continue with the implementation of all legislation that is still to come into effect.

The longer term impact of the decision to leave the EU on the UK's overall regulatory framework will depend, in part, on the relationship agreed between the UK Government and the EU to replace the UK's current membership at the end of the 'Article 50' negotiation period.

Please note: The UK decision to leave the European Union will have no impact on the 2017- 2018 CII syllabuses or exams. Changes that may affect future exam syllabuses will be announced as they arise. 

General Data Protection Regulation (GDPR) 

The General Data Protection Regulation (GDPR) comes into effect on 25 May 2018.  Examinations will be reflective of GDPR and the Data Protection Act 2018 from 25 May 2018.

Stamp Duty Land Tax 

On the 22 November 2017, it was announced that first-time buyers would be relieved of Stamp Duty Land Tax for purchases up to a specified amount.  Examinations will be reflected of this change from 22 February 2018.

Please note that the tax tables and lender’s criteria provided in the examination will state the thresholds and rates for purchasers who are NOT first-time buyers.

Exam guide update

The R02 Examination Guide for exams from 1 September 2017 to 31 August 2018 was first published in June 2017. Any questions which have been amended since the examination guide was first published will appear below.

 

R02 Question 2 - amended 07.03.18

 

Assessment information

It is important that candidates entering for a CII assessment familiarise themselves with our service, in particular the rules and procedures that are in place.