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CISI Regulation & Compliance
CISI Regulation and Compliance Exam Preparation (UK)
Version 13 preparation for the mandatory advanced Regulation and Compliance unit in the CISI Level 6 Diploma in Investment Compliance.
14 required answers with published question choices Detailed Study Notes Written-answer focused revision
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Regulation & Compliance is a written exam — train for it here
This practice paper contains 14 required answers with published question choices.
Write your own answers, manage 100 available marks within the published 195-minute time limit, and receive criteria-based practice feedback after submission.
Preview one sample question- Responses
- 14 required answers with published question choices
- Marks
- 100 available marks
- Time
- 195 minutes exam-conditions option
- Selection
- Practice question choices enforced
- Feedback
- Written-answer criteria after submission
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
5 mock exams / unlimited practice
Self-Paced Learning
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🎧 Audio
* This is a chapter sample. All audio is available in the full version.
Free exam-practice preview
Type your answer. See which marking points you covered.
Try one 3-mark Regulation & Compliance written question. After you submit, you’ll receive a clear breakdown of the points your answer covered and what to improve.
Question (a)
State3 marks
State the nature of the offence created by section 23 of FSMA for breaching the general prohibition, the maximum sanction, and the defence available to a person charged with it.
Identify the offence, the maximum sanction and the available defence.
3
3 marks available. Use the mark allocation to judge how much relevant detail to include.
Enter at least 10 characters. Do not enter real client or personal information.0 / 6,000
Syllabus
Module 1: Regulatory Framework
🎧 Audio
UK statutory structure together with European and international financial-services structures relevant to the UK.
- • FSMA and statutory instruments
- • Bank of England and financial-services legislation
- • European and international structures
Module 2: FCA Handbook and PRA Rulebook of Rules and Guidance
High-level and business standards, regulatory processes, redress and perimeter guidance applicable to UK investment business.
- • PRIN, SYSC and individual accountability
- • COBS, CASS and market conduct
- • Supervision, redress and perimeter guidance
Module 3: Other Regulatory Provisions
Takeovers, listings, market abuse, insider dealing, financial crime, bribery, whistleblowing, data protection, ESG and cryptoassets.
- • Market abuse and insider dealing
- • Financial-crime framework
- • Conduct, data and emerging provisions
Module 4: The Regulation of Markets and Exchanges
The regulatory status and operation of recognised and designated exchanges, overseas exchanges and multilateral trading venues.
- • RIEs, DIEs and ROIEs
- • MTFs and OTFs
- • Systematic internalisers
Module 5: Current Regulatory Developments
Current UK regulatory initiatives, consultations, enforcement, supervisory communications and decisions affecting financial services.
- • Regulatory Initiatives Grid and business plans
- • Consultations and supervisory statements
- • Enforcement and Upper Tribunal developments
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Interactive preview
Free CISI Regulation and Compliance Written Exam Sample Questions
Try 15 CISI Regulation and Compliance answer-planning prompts from Chapter 1: Regulatory Framework
Practice CISI Regulation and Compliance written-exam answer planning with sample prompts and model structures, then unlock all five planning sets and chapter study tools.
Exam Practice
Chapter 1: Regulatory Framework
Which activity is specified as a PRA-regulated activity by Article 5 of the RAO?
1 / 15
Flashcards
Card 1 of 10Chapter 1
Question
Which body did FSMA 2000 create, and what replaced it?
Tap to reveal answer
Focus Learn
- The four FSMA statutory objectives and the Principles of Good Regulation
- Section 23 criminal offence for breach of the general prohibition, with the all reasonable precautions and due diligence defence
- The distinction between specified investments (PERG 2.6) and specified activities (PERG 2.7), and that regulated activity is the combination of both
- PRA-regulated activities listed in the RAO under Articles 5, 10, 14, 57 and 58
- Exclusions from dealing as principal, newspapers, trustees/nominees, employee share schemes and overseas persons
- Exempt persons: appointed representatives, RIEs, RCHs, miscellaneous exempt persons, Lloyd's members and Designated Professional Bodies
- The Part 4A permission regime, threshold conditions and the 12-month failure trigger
- The Financial Services Act 2010 suspension power (12 months for an authorised person, two years for an approved person) and the non-approved person's penalty power
- The Section 21 definition of a financial promotion and the role of the Financial Promotions Order
- The Banking Act 2009 Special Resolution Regime objectives and tools (private purchaser, bridge bank, temporary public ownership, BIP, BAP)
Chapter 1: Regulatory Framework
FSMA 2000. FSMA 2000 created the Financial Services Authority (FSA), later split into the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA); the Financial Services Act 2012 amended parts of FSMA and created the FCA and PRA. Its four statutory objectives are market confidence, public awareness, consumer protection and reduction of financial crime, supported by Principles of Good Regulation. Part II. FSMA has 30 parts. Part II contains the general prohibition: no person may carry out a regulated activity in the UK, or purport to, unless authorised or exempt. The Regulated Activities Order 2001 (RAO) defines those activities. Section 23 makes breach a criminal offence punishable by up to two years in prison and/or an unlimited fine, with a defence of all reas…
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Preparation Package at a Glance
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Answer-Planning Practice | Unlimited Retakes | |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $199 (One-Time) | One-time payment with no recurring subscription |
Frequently Asked Questions
It is a three-hour-and-fifteen-minute narrative examination. Section A is worth 30%, Section B requires two practical or problem-solving answers including one compulsory question and is worth 40%, and Section C requires two essays selected from four and is worth 30%.
No. Regulation and Compliance is the mandatory advanced unit in the three-unit Diploma route. Candidates must also satisfy the prerequisite and pass the other required regulatory and specialist units under the current CISI structure.
No. Global Financial Compliance is a separate Level 3 examination that may form part of the Diploma route. Regulation and Compliance is the Level 6 narrative unit with its own syllabus and written assessment.
The page follows Version 13.0, covering examinations from 25 November 2026 to 9 June 2027. Always check the latest official CISI syllabus and candidate updates for the year and sitting you plan to take.
The pass mark is variable. The official CISI Diploma factsheet states that it is never below 50%, so candidates should not treat 50% as a guaranteed fixed threshold for every sitting.
The course provides six study-chapter summaries, 148 reference items, 148 flashcards, five typed written-practice papers with server mark schemes and five 60-question answer-planning mock exams. The written papers follow the official Section A/B/C structure; the selected-response drills develop retrieval and scenario judgement. Neither reproduces or grades the official three-section written examination, and feedback is a practice estimate rather than an official grade.
Regulation & Compliance is assessed in writing. This original practice paper provides 195 minutes and 100 practice marks, with 14 required answers with published question choices. These practice counts do not establish the official paper structure. Marking guidance stays hidden until submission. Try the free written-answer preview.
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 Regulation and Compliance. 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
Three-section written-exam method
Prepare the distinct retrieval, problem-solving and structured-argument skills required across Sections A, B and C.
- ✓ Compulsory short answers
- ✓ Practical compliance scenarios
- ✓ Balanced essay arguments
Current UK regulatory framework
Connect statutes, the FCA Handbook, the PRA Rulebook and other provisions with their practical impact on firms and senior management.
- ✓ Regulatory framework
- ✓ FCA and PRA requirements
- ✓ Markets and other provisions
Management-level application
Develop the compliance-officer viewpoint needed to identify risks, evaluate controls and recommend ethical, workable responses.
- ✓ Risk and control analysis
- ✓ Professional judgement
- ✓ Current regulatory developments
Exam Format & Details
| Assessment | Three-hour-and-fifteen-minute narrative examination: compulsory short answers, two practical problem-solving answers including one compulsory question, and two essays selected from four |
| Duration | 195 Minutes |
| Standard Pass Mark | The official pass mark is variable; the CISI Diploma factsheet states that it is never below 50%. |
| Level | CISI Level 6 |
Prepare for the CISI Regulation and Compliance examination
Regulation and Compliance is the mandatory advanced unit in the CISI Level 6 Diploma in Investment Compliance. It is a distinct narrative examination and should not be confused with the existing Level 3 Global Financial Compliance award or with the complete three-unit Diploma.
This storefront follows the latest official syllabus located in 2026: Version 13.0, covering examinations from 25 November 2026 to 9 June 2027. The manual contains six study chapters, while the official syllabus is organised into five examinable parts. Both structures are shown accurately rather than being forced into a false one-to-one map.
The formal assessment is three hours and fifteen minutes. Section A contains up to ten compulsory short-answer questions worth 30%; Section B requires two practical or problem-solving answers from four, including one compulsory question, and is worth 40%; Section C requires two essays from four and is worth 30%. The pass mark is variable but the official Diploma factsheet states that it is never below 50%.
Always confirm the latest official CISI syllabus and candidate updates for the year and sitting you plan to take. The current source for that sitting controls if CISI publishes a later change. The course includes six study-chapter summaries, 148 reference items, 148 flashcards, five 60-question answer-planning mock exams, five typed written-practice papers with server mark schemes and an AI tutor. The written papers follow the official Section A/B/C structure; the selected-response drills develop retrieval and scenario judgement. Neither reproduces or grades the official examination.
Who Is This For?
✓ Candidates preparing for the CISI Regulation and Compliance examination
✓ Compliance professionals progressing through the Diploma in Investment Compliance
✓ Supervisory and senior practitioners working in wholesale or retail financial services
✓ Professionals developing practical UK regulatory and compliance-management judgement
Preparation centre
CISI Regulation and Compliance Exam Guides
Use these connected guides for the syllabus, exam format, booking and revision strategy.
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CISI Regulation and Compliance
Course Features
🇬🇧 Local market guide
CISI Regulation and Compliance in the United Kingdom: pathway, booking and careers
Review how CISI Regulation and Compliance 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 Regulation and Compliance. 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 Regulation and Compliance
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