Development Programmes
Custom Programmes
Find out how we can build custom programmes of training for your business.
Soft Skills
Business Management
Equity Release
Long Term Care and Later Life Planning
Para Planning Unit 2
Financial Services Regulation and Ethics (FSRE)
Why sit the Financial Services Regulation and Ethics (FSRE) module?
In order to complete your studies towards the Diploma for Financial Advisers (DipFA) or to achieve your Para-planner diploma, you need to sit this module. FSRE was designed as a level 4 introductory exam for the London Institute of Banking and Finance (LIBF) study programmes.
The Certificate in Mortgage Advice and Practice (CeMAP®) also has an introductory exam called UK Financial Regulation (UKFR) which is written to level 3 and which is similar to the FSRE module at level 4. Studibase therefore promotes FSRE to all learners as it provides an opportunity for someone studying to become a Mortgage adviser to take a step towards advancing their future learning journey. FSRE does not need to be resat if you choose to advance towards a level 4 diploma with the LIBF.
Qualification learning outcomes
| Qualification LO | Detail |
|---|---|
| LO1 | UK financial services industry, in its European and global context. |
| LO2 | How the retail consumer is served by the financial services industry. |
| LO3 | Regulation, principles, rules and legal concepts of financial services and advice. |
| LO4 | FCA’s responsibilities and approach to regulation. |
| LO5 | Types of risk and how they relate to institutions and individuals. |
| LO6 | Skills required when advising clients. |
| LO7 | FCA’s principles based approach to promote ethical behaviour including code of ethics and professional standards. |
FSRE is primarily considered as a distance learning module with Multiple Choice examination.
- 112 study time hours
- Typically, students sit their FSRE exam within 3 months
FSRE is assessed using a multiple choice exam (MPQ):
Unit 1 - multiple-choice questions: 100 x 1 mark for each correct answer;
To pass this module you must achieve a minimum mark of 70%.
Register now for FSRE
Join the next cohort
Certificate in Mortgage Advice and Practice (CeMAP)
Why study the LIBF Level 3 Certificate in Mortgage Advice and Practice (CeMAP)?
The Certificate in Mortgage Advice and Practice (CeMAP®) is primarily designed for students aged 19+ although students aged 16-18 are also eligible to study for this qualification, for example through an apprenticeship. It meets the education standard required by the Financial Conduct Authority (FCA) of anyone wishing to achieve a ‘licence to practise’ and work as a mortgage adviser.
Objectives
CeMAP® develops specialist knowledge and skills by introducing you to the purpose and structure of the UK financial services industry. Within this, it provides a solid introduction to the mortgage advice sector, by exploring the rules and regulations that govern the sector and the factors that impact on personal financial plans.
Key content areas
- Purpose and structure of the UK financial services industry.
- Financial Conduct Authority (FCA’s) main aims, activities and relevant Conduct of Business rules.
- The house-buying process and parties involved.
- The different types of customer and their need for different types of mortgage.
- Assessment of affordability and suitability of different mortgage options and associated products.
Key skills developed
The qualification will encourage you to:
- develop an understanding of how financial products respond to the drivers and implications of changes in the wider environment and how these changes affect an individual’s financial decision making;
- demonstrate numeracy skills, including the ability to manipulate financial and other numerical data;
- use appropriate data and information from a range of sources to make financial decisions; and
- increase your ability to work and learn independently.
CeMAP® is primarily considered as a distance learning qualification with on-demand examination sessions.
- 224 study time hours
- Typically, students complete their full Certificate within 6 months
All units are mandatory and assessed. Each unit is assessed via the following method:
CeMAP Module 1 - UKFR Units 1 & 2 is replaced by FSRE within the StudiBase programme.
FSRE Unit 1 - multiple-choice questions (MCQs): 100 x 1 mark for each correct answer; To pass you must achieve a minimum mark of 70% (70/100)
Module 2 - MORT
Units 3, 4, 5 & 6: units 3 and 4 comprises 25 stand-alone MCQs, unit 5 with 20 MCQs and unit 6 with 30 MCQs. You need to achieve at least (68%) to pass each unit.
Module 3 - ASSM
Unit 7: This unit comprises 6 case studies each with 10 linked MCQs. You need to achieve at least 42/60 (70%) to pass this unit.
The structure of the assessment ensures that all aspects of the course content are subject to external examination.
Register now for CeMap
Join the next cohort
Diploma for Financial Advisers (DipFA)
Why study LIBF Level 4 Diploma for Financial Advisers (DipFA)?
The LIBF Level 4 Diploma for Financial Advisers (DipFA) is an industry benchmark qualification which meets the Financial Conduct Authority’s (FCA) qualification requirement for retail investment advisers. Highly relevant and practical, the programme is tailored to reflect the role of an IFA, providing you with the required knowledge and skills to apply the subject matter effectively in the workplace. The assessments comprise of case-study-based learning designed to replicate the real life activities that advisers undertake. AFA is the second part (U2) of the Diploma with FSRE being the first part (U1).
Objectives
As a comprehensive course focusing on the UK financial services industry and its role in serving the consumer, the qualification develops specialist knowledge and skills by introducing you to the application of financial services regulation and the responsibilities of a regulated adviser. As part of this, it will provide you with an insight into the application and review of risk and ethics. The qualification will also equip you with the knowledge and skills required to offer financial advice as well as create, implement and maintain financial plans. The London Institute of Banking & Finance is a leading provider of qualifications recognised by the Financial Conduct Authority as being appropriate for certain regulated functions. However, it is your responsibility to be aware of and adhere to any additional regulatory requirements associated with these roles as set out in the FCA Handbook. Please refer to the Financial Conduct Authority for further information.
Key content areas
- This unit introduces knowledge and understanding of financial institutions to enable you to identify the different types of service that they provide.
- The functions and importance of the main components of the monetary and financial system.
- The concept and nature of risk and factors to the advice process for financial advice.
- The FCA’s approach to ethical and unethical behaviours and develop understanding of the Code of Ethics.
- The commercial and regulatory environment, products, services and legislation that inform the financial advice process.
- The importance of consumer oriented communication and ethical behaviours through the practical application of accumulated knowledge and skills through the advice process.
- The personal approaches that individuals take towards risk and rewards and the impact of foreseen and unforeseen influences.
- The features of different types of financial services product, and how to make informed choices about these products.
- The validity of data and information as a means of assisting in the financial decision-making process.
DipFA is primarily considered as a distance learning qualification with on-demand examination sessions.
- 112 study time hours for FSRE
- 258 study time hours for AFA
- Typically, students complete their full Diploma within 11 months
FSRE and AFA are mandatory and assessed. DipFA® is assessed using multiple choice and written assessments made up of the following components:
- Unit 1 (FSRE) - multiple-choice questions: 100 x 1 mark for each correct answer;
- Unit 2 - coursework consisting of a Main Task and short answer questions; and,
- Unit 2 - pre-release fact find requiring essay response in the examination.
The structure of the assignment ensures that all learning outcomes are subject to external assessment. A total of 350 marks are available across both units.
The qualification will be graded Pass. To pass you must achieve a minimum mark of 70% for unit 1 and 50% (in both the coursework and examination) for unit 2.
Register now for CeMap
Join the next cohort
Custom Programmes/Courses
We able to build and deliver custom courses addressing a wide range of technical and non-technical professional development needs.