Finance

R01 Financial services, regulation & ethics study support

Level: 4
Qualification: CII R01 Financial services, regulation & ethics
Course Length: 3 Months

The R01 Financial services, regulation & ethics unit is often the first taken by those entering the financial services industry. This unit provides the fundamental knowledge required to begin your journey to achieving the CertCII (Certificate in Financial Services), CertPFS (Certificate in Paraplanning) or DipPFS (Diploma in Regulated Financial Planning).

The objective of this unit is to develop knowledge and understanding of the financial services industry, including regulation, legislation and the Code of Ethics.

 

The R01 financial services, regulations and ethics unit covers:

  • Understand the UK financial services industry in its European and global context
  • Understand how the retail consumer is served by the financial services industry
  • Understand legal concepts and considerations relevant to financial advice
  • Understand the regulation of financial services
  • Understand the financial regulators’ responsibilities and approach to regulation
  • Apply the principles and rules as set out in the regulatory framework
  • Apply the regulatory advice framework in practice for the consumer
  • Understand the range of skills required when advising clients
  • Understand the financial regulators’ use of principles and outcomes based regulation to promote ethical and fair outcomes
  • Apply the Code of Ethics and professional standards to business behaviours of individuals
  • Critically evaluate the outcomes that distinguish between ethical and compliance driven behaviours

 

This study support package includes as standard:

  • CII books and exams
  • CII revision mate
  • E-learning modules
  • Revision notes
  • Mock exam questions
  • Online support from subject experts
  • Online revision sessions

The R01 unit provides a detailed overview of the key financial services concepts, products, regulations and ethics governing the financial services industry. This unit contains the following:

Qualification Contents Level Credits
R01 Financial services, regulation & ethics
  • Purpose and structure of the UK financial services industry;
  • How the retail customer is served by the financial services industry;
  • Regulatory framework, powers and responsibilities to protect the consumer;
  • Legal concepts and considerations relevant to financial advice;
  • Code of Ethics and its impact on the business behaviours of individuals;
4 20

 

This content is covered over 11 chapters / topics:

  • Understand the UK financial services industry in its European and global context
  • Understand how the retail consumer is served by the financial services industry
  • Understand legal concepts and considerations relevant to financial advice
  • Understand the regulation of financial services
  • Understand the financial regulators’ responsibilities and approach to regulation
  • Apply the principles and rules as set out in the regulatory framework
  • Apply the regulatory advice framework in practice for the consumer
  • Understand the range of skills required when advising clients
  • Understand the financial regulators’ use of principles and outcomes based regulation to promote ethical and fair outcomes
  • Apply the Code of Ethics and professional standards to business behaviours of individuals
  • Critically evaluate the outcomes that distinguish between ethical and compliance driven behaviours

 

Our R01 financial services, regulation and ethics support package is delivered online via our virtual learning environment. Each chapter of the book is accompanied by e-learning modules, mock exam questions, and workbooks designed to test and embed your knowledge. At regular intervals throughout the course you should attend 2 online revision sessions to help cover more technical content.

Throughout the course you will have access to a subject expert to answer any questions you may have along the way. Before sitting any exams a full mock exam is provided which you can retake as many time as required before sitting the real thing.

It is possible to complete the R01 unit within 3 months, allowing 4-6 hours of independent study per week. All courses are flexible to allow you to complete at a pace that is appropriate to you. It is not our recommendation to study for two exams simultaneously.

Please note that CII materials and exams are updated each September, and you may be required to purchase the study update packs for exams you are currently studying for. Your subject expert will advise you of this should it apply.

You must be a paid member of the CII to purchase this course, as we will require your PIN number as part of the enrolment process. If you are not a member you can join here: http://www.cii.co.uk/membership/join/

There are no formal entry requirements for this study package, but you will require adept and developed literacy and numeracy skills.

Working within a financial services environment is desirable and advantageous, although not essential.

For an informal discussion about this course, please use the enquiry form below:

Thank you for your enquiry, we will endevour to get back to you as soon as we can.
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