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CISI Investment Operations Certificate
CISI Client Money and Assets Exam Preparation (UK)
Structured preparation for the CISI Client Money and Assets exam, aligned to Version 7 for exams from 11 December 2025 to 10 December 2027.
250 Practice Questions Detailed Study Notes Realistic mock exams
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
Exactly what is included
- 250 practice questions across 5 mock exams · unlimited retakes
- Focus Learn · key areas, pitfalls, exam traps & key numbers
- Flashcards · fun, fast and effective recall
- Exam cheat sheet · key facts, rules and numbers by chapter
- Audio Learning · every chapter in audio
- AI Analyzer & Mentor · pinpoints your weak areas
- Study Mode Exams · learn while you train
- AI Chat trained specifically for this exam
- Study material organised by syllabus
AI Audio Summaries New
Listen to course modules on the go. Perfect for studying while driving or commuting.
🎧 Audio
* This is a chapter sample. All audio is available in the full version.
Syllabus
Module 1: The Legal and Regulatory Context of Client Money and Assets 20% syllabus weight
🎧 Audio
Statutory, regulatory and fiduciary foundations for protecting client property.
- • FCA framework
- • Client ownership
- • Trust and insolvency principles
Module 2: Client Money Fundamentals (CASS 7) 18% syllabus weight
Core client-money rules, segregation, banking arrangements and record keeping.
- • Client bank accounts
- • Segregation
- • Receipts and payments
Module 3: Controls over Client Money (CASS 7) 12% syllabus weight
Internal and external reconciliations, calculations, discrepancies and controls.
- • Client-money calculations
- • Reconciliations
- • Shortfalls and excesses
Module 4: Safe Custody of Assets (CASS 6) 20% syllabus weight
Registration, holding, custody records, reconciliations and third-party arrangements.
- • Asset registration
- • Custody records
- • Third-party custodians
Module 5: Governance and Oversight 12% syllabus weight
Senior accountability, policies, CASS governance, reporting and assurance.
- • CASS oversight
- • Policies and records
- • Audit and reporting
Module 6: When Problems Arise 10% syllabus weight
Breaches, distribution rules, firm failure, special administration and resolution.
- • Breach response
- • Firm failure
- • Client-money distribution
Module 7: The Client 8% syllabus weight
Client classification, agreements, disclosures, transfers and unclaimed assets.
- • Client agreements
- • Disclosures and consent
- • Transfers and unclaimed property
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Solid practice questions
Solid question bank that covers all the tricky parts of the syllabus. Better than just reading the textbook on my own.
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Interactive preview
Free CISI Client Money and Assets Practice Questions & Exam Preview
Try 15 CISI Client Money and Assets practice questions from Chapter 4: Safe Custody of Assets
Practice CISI Client Money and Assets exam questions with answers and explanations. The full course includes 5 mock exams and chapter study tools.
Exam Preview
Chapter 4: Safe Custody of Assets
Which of the following are the two regulated activities relating to safe custody assets?
1 / 15
Flashcards
Card 1 of 10Chapter 1
Question
What is the overarching purpose of the client assets regime?
Tap to reveal answer
Focus Learn
- The FCA's strategic objective and its three operational objectives
- The purpose of client asset segregation and the two required aspects (legal and physical)
- The four elements of a legal contract and the difference between an offer and an invitation to treat
- The distinction between actual settlement and contractual settlement and the risk contractual settlement creates
- Nostro and vostro accounts and the custodian's duty to resolve differences
- Legal title, dematerialisation, the register and the role of a nominee company
- The statutory trust regime, fiduciary duty, the trust acknowledgement letter and pollution of trust
- The role of PRIN, SYSC, COBS, CASS, SUP and COMP, and the meaning of R, G and E paragraphs
- Regulated activities, specified investments, depositing and the banking exemption
- The SM&CR prescribed responsibility 'z' and the roles of firms, the FCA and auditors
Chapter 1: The Legal and Regulatory Context of Client Money and Assets
Why the client assets regime exists. The Financial Conduct Authority (FCA) has a statutory strategic objective that the relevant markets function well, supported by three operational objectives: protect consumers, protect financial markets, and promote competition. Consumers must be able to trust that a regulated firm will take good care of money or assets held on their behalf. The Client Assets Sourcebook (CASS) sets out the FCA's requirements. The risk is clearest on insolvency: if client money were paid into the firm's own corporate accounts it would be mixed with proprietary assets and the firm's general creditors could claim against it. Segregation therefore separates client money and assets from the firm's own.
Legal and physical segregation. Each separate regulated firm (ea…
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Preparation Package at a Glance
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Practice Exams | Unlimited Retakes | |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $151 (One-Time) | One-time payment with no recurring subscription |
Frequently Asked Questions
The assessment contains 50 multiple-choice questions and lasts 60 minutes.
This page follows Version 7, applicable to exams from 11 December 2025 to 10 December 2027.
Yes. It covers CASS 7 client money, CASS 6 safe custody, governance, failure scenarios and the client relationship.
Yes. The course includes seven chapter summaries, a CASS reference sheet, flashcards and five full 50-question mock exams aligned to the Version 7 syllabus.
Yes! Test your knowledge and review detailed explanations with the free CISI Client Money and Assets Mock Exam Preview below. It contains 15 exam-style questions from one named topic; the full course provides complete mock exams and syllabus coverage.
No. For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity. Confirm the requirement with the employer and regulator before booking.
Use the official CISI booking flow to check remote-invigilation or test-centre availability for CISI Client Money and Assets. Confirm the current workbook edition and read Candidate Updates before booking.
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
Key Benefits
CASS rule structure
Distinguish client-money requirements under CASS 7 from safe-custody requirements under CASS 6.
- ✓ Segregation and trust status
- ✓ Reconciliations
- ✓ Custody controls
Operational application
Connect regulatory rules with daily controls, governance, records and escalation.
- ✓ Governance and oversight
- ✓ Breach management
- ✓ Insolvency scenarios
Official weighting map
Allocate revision across all seven chapters and their published question counts.
- ✓ 50-question allocation
- ✓ 60-minute exam
- ✓ Chapter priorities
Exam Format & Details
| Assessment | Multiple-choice examination |
| Duration | 60 Minutes |
| Standard Pass Mark | 70% |
| Level | CISI Level 3 |
| Total Qualification Time | 80 hours |
Prepare for the specialist CISI Client Money and Assets technical unit through the UK legal and regulatory context, CASS 7 client-money rules, CASS 6 custody requirements, governance, oversight and failure scenarios. The seven chapters map to all 50 questions in the official one-hour assessment.
Who Is This For?
✓ Client-money and custody operations staff
✓ CASS oversight, compliance and audit professionals
✓ Candidates selecting Client Money and Assets as an IOC technical unit
Preparation centre
CISI Client Money and Assets Exam Guides
Use these connected guides for the syllabus, exam format, booking and revision strategy.
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CISI Client Money and Assets
Course Features
🇬🇧 Local market guide
CISI Client Money and Assets in the United Kingdom: pathway, booking and careers
Review how CISI Client Money and Assets connects to regulation, qualification pathways, booking, currency and careers in the United Kingdom before paying the official exam fee.
Regulator and qualification pathway
For UK regulated activities, the firm must map the role to the FCA Training and Competence sourcebook and its appropriate-qualification tables. A CISI course title alone does not establish authorisation for every activity.
Financial Conduct AuthorityBooking and official examination
Use the official CISI booking flow to check remote-invigilation or test-centre availability for CISI Client Money and Assets. Confirm the current workbook edition and read Candidate Updates before booking.
Find a CISI test centreCareer and employer context
Match the course syllabus to the knowledge needed for your intended role. UK regulated activities may require a particular qualification or combination of units; confirm the requirements with your employer.
Price and currency
Exams Academy checkout is displayed in US dollars and the card provider converts it to GBP. The official CISI exam and required workbook are booked and paid for separately at the current CISI price.
Market-specific reading
Understand the pathway before booking
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CISI Client Money and Assets
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