Master the administration, regulation, and pricing of collective investment schemes — from UCITS and OEICs to ACS and LTAF structures — for the CISI Investment Operations Certificate exam.
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
Listen to course modules on the go. Perfect for studying while driving or commuting.
* This is a chapter sample. All audio is available in the full version.
Try 15 CISI Collective Investment Schemes Administration (IOC) practice questions from Fund Reports and Accounts
Practice CISI Collective Investment Schemes Administration (IOC) exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.
Collective Investment Schemes Administration is a specialist unit in the CISI Investment Operations Certificate (IOC) pathway. This complete exam simulation system helps fund-administration and operations candidates master the CISA syllabus from legal structures through taxation.
We've distilled the COLL sourcebook, Consumer Duty rules, and pricing mechanics into a dynamic learning environment that adapts to your needs. No more guesswork — just targeted, interactive practice that builds real exam confidence.
| Assessment | 50 multiple-choice questions |
| Duration | 70 Minutes |
| Standard Pass Mark | 70% |
| Feature | Exams Academy | Traditional Providers |
|---|---|---|
| Access Period | Lifetime Access | 30 - 90 Days |
| Practice Exams | Unlimited Retakes | 1 - 2 Static Mocks |
| Study Support | Instant 24/7 AI Tutor | Email Support |
| Cost | $151 (One-Time) | $300+ (Recurring) |
Listen to course modules on the go. Practice anytime, anywhere - even while driving or commuting.
4 full exams replicating the 50-question, 70-minute CISA format.
Built from real workbook MCQs and authored scenario questions.
Your private tutor trained on the CISA workbook and COLL sourcebook.
12 per chapter plus 30 Number Recall cards for key thresholds.
105 exam traps and key rules condensed for final-hour review.
Use the same question bank in two different ways: build understanding with instant feedback, then switch to a realistic simulation when you are ready.
Choose an answer, see immediately whether it is right or wrong, and read the explanation before moving on.
Work against the official-style timer without revealing answers, then review your score and every explanation after submission.
Legal structures (AUT, OEIC, ACS), regulatory categories (UCITS, NURS, QIS, LTAF), and key characteristics of authorised funds.
FSMA 2000, FCA objectives, Consumer Duty, and key legislation governing CIS administration.
AFM, ACD, trustee, depositary, transfer agent, registrar, and auditor duties under COLL.
UCITS 5/10/20/25/35/40% rules, NURS wider powers, and QIS/LTAF flexibilities.
Forward pricing, single vs dual pricing, swing pricing, dilution levy, and SDRT.
Dealing procedures, settlement (4 business days), ISA wrappers, and cancellation rights.
FCA authorisation process, scheme documentation, KIID/NURS-KII, and financial promotions.
AGMs, EGMs, extraordinary resolutions (75%), and investor rights under COLL.
Income allocation, distribution types, equalisation, and unclaimed distribution rules.
UK income tax on distributions, CGT, SDRT, offshore fund reporting, and PAIF/TEF tax treatment.
Preparation centre
Use these connected guides for the syllabus, exam format, booking and revision strategy.
Master the CISI CISA exam on your first attempt. Learn about OEICs, Unit Trusts, NAV pricing, fund administration, and the complex regulations governing global mutual funds.
Exam guideMaster the CISI Collective Investment Schemes Administration (CISA) IOC exam. Covers fund structures, NAV calculation, transfer agency, and regulatory frameworks with interactive study tools.
PracticePass the CISI CISA exam confidently with our community-polished mock exams, extensive question bank, and free sample paper.
Exam guideA comprehensive guide on how to master the CISI Collective Investment Schemes Administration (CISA) exam with study tips, topics, and practice questions.
Exam guideUnderstand the critical differences between UCITS and OEICs to pass the CISI Collective Investment Schemes Administration (CISA) exam.
Exam guideDiscover what a Collective Investment Scheme is and explore how the CISI CISA qualification can accelerate your career in fund administration.
The CISI Collective Investment Schemes Administration (IOC) exam is a Computer-Based Test of 50 multiple-choice questions in 70 minutes. The pass mark is 70% (35 out of 50). Exams are available year-round at Prometric centres worldwide.
CISA is primarily taken by fund administrators, transfer agents, compliance professionals, and operations staff working in asset management and fund administration. It is part of the CISI Investment Operations Certificate (IOC).
CISA covers the full lifecycle of CIS administration: legal structures (AUT/OEIC/ACS), FCA regulatory framework, AFM/trustee/depositary roles, UCITS investment limits, pricing mechanics (dual/single/swing), income and distributions, ISA rules, financial promotions, and UK taxation of fund income.
Yes — all content reflects the latest CISI syllabus, including Consumer Duty (July 2023), the revised dividend allowance (£500 for 2024–25), updated CGT rates (18%/24%), and FCA COLL sourcebook requirements.
All content is created directly from the official CISI CISA workbook (IOC). Every fact, threshold, and deadline is verified against the workbook text to ensure accuracy and alignment with the exam.
We do not guarantee a pass — the CISA exam requires genuine understanding of FCA regulation and fund administration rules. Our mock exams replicate the question style and chapter weighting to help you identify weak areas before the real exam.
You get lifetime access from the moment of purchase. Study at your own pace with no time limits or recurring fees.
Yes — the entire platform is mobile-responsive. Pricing mechanics flashcards, UCITS limit summaries, and the AI tutor all work seamlessly on any device.
Yes! Test your knowledge and review detailed explanations with the free CISI Collective Investment Schemes Administration (IOC) Mock Exam Preview below. It contains 15 exam-style questions from one named topic; the full course provides complete mock exams and syllabus coverage.
From finance professionals who prepared and passed their CISI exams.
Helped a lot to clear my doubts and gain more confidence before the actual exam day. The progress tracker kept me accountable.
Great practice tool. The AI mentor helped me spot my weak areas instantly, which saved me so much time during my final revision week.
I was struggling with some of the more confusing concepts, but the mock exams and flashcards here broke it down perfectly. The explanations really clarify why an answer is wrong.
The chapter on taxation of distributions is excellent. It turns a very dry subject into an easy-to-memorize format. Highly recommended for fund ops staff.
The AI tutor explained the mechanics of fund equalisation and swing pricing so well. The flashcards for UCITS borrowing limits are a must-use.
Collective Investment Schemes Administration is notoriously dense. This platform separated OEICs, AUTs, and investment trusts beautifully. Passed first time.
I needed to pass the collective investment schemes module for my IOC and this made the fund accounting and NAV calculation topics way less intimidating. The scenario questions are realistic.
Covers unit trusts and OEICs well. The transfer agency section could use a bit more detail but the overall quality is high. Flashcards are great for memorizing fund structures.
My manager recommended the CISA as a career booster and this course made the journey straightforward. The mock exams are realistic and the feedback on wrong answers teaches you why not just what the correct answer is.
No employer support, no study group just me and this platform. The AI tutor filled in as my study partner perfectly. I particularly liked how it asked me follow-up questions to check I really understood, not just memorised.
I compared four different CISA prep courses before choosing this one. The combination of mock exams, flashcards, AI tutor, and cheat sheet is far more comprehensive than anything else at this price point. Two thumbs up.
The way taxation of distributions is explained here is so much clearer than the official workbook. The 8.75/33.75/39.35% breakdown with worked examples made the taxation chapter actually enjoyable. Scored 78% in the real exam.
Booked my exam with only 3 weeks to prepare. The structured chapter summaries and the strategic mock exams got me across the line. The AI tutor was available at midnight when I had last-minute questions about the FSMA 2000. definitely recommend.
I tried textbooks, YouTube, and another exam prep site. None of them came close to this. The 150 flashcards are gold I drilled them every morning on my commute. The AI tutor corrected my misunderstandings about equalisation instantly.
The chapter summaries alone are worth the price. I work in fund administration and always struggled with the UCITS limits and NURS distinctions. After two weeks on this platform, they felt like second nature. Passed with a comfortable margin.
I kept confusing the AFM/ACD distinction and couldn't get the trustee vs depositary roles straight. Five minutes with the AI tutor on this and it clicked immediately. Passed first attempt, genuinely couldn't have done it without this.
Finally passed CISA after failing with a different provider. The mock exams here are incredibly close to the real thing especially the pricing mechanics questions. The AI tutor explained swing pricing vs dilution levy so clearly I actually understood it for the first time.
Ive been in fund operations for three years so I knew the theory but the exam-style questions showed me exactly where my knowledge had gaps. The cheat sheet with all 105 traps was particularly helpful for the final week of prep.
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