UK Financial Regulation (UKFR)

UK Financial Regulation is a key part of the apprenticeship standard for several industry roles and equips participants with a comprehensive understanding of the financial services sector.

About the qualification

UKFR offers an overview of the UK’s financial services sector, its structure, and its purpose. The course covers the rules and regulations that shape the industry, the role of the Financial Conduct Authority, and the various socio-economic factors that influence financial planning.

This foundational knowledge is essential for a wide range of careers within the industry. For example, UKFR is a compulsory component in both the Level 3 Compliance/Risk Officer Apprenticeship Standard and the Level 3 Financial Services Administrator (Adviser Firm or Network) Apprenticeship Standard.

UKFR is also a compulsory module on many of our other qualifications, so offers an excellent starting point for those looking to further their professional education.

While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.

Key information

Key facts

Registration is open year-round
Comprehensive study materials are provided with additional support materials available to purchase
Multiple-choice exam assessment
On-demand exams in over 150 nationwide locations with same day results
Upon completion, you are able to use the 'UKFR' designation after your name
Once you’ve passed you’ll receive a digital certificate. A paper copy can also be ordered for an additional fee

Your studies will cover

The purpose and structure of the UK financial services industry
The Financial Conduct Authority (FCA)'s primary goals and activities
The rules, regulations, and the FCA's method of regulating firms and individuals
Key areas of financial advice, asset classes, and financial services products
How socio-economic factors affect personal financial plans

Your qualification at a glance

Assessments

You can take exams at a test centre or at home with remote invigilation.

Your first exam is included in the registration fee for each module.

You'll receive a digital certificate once you have passed.

Regulation

The UK Financial Regulation is recognized as a Level 3 award and is registered with Ofqual in the Regulated Qualifications Framework (RQF).

Module information

UKFR consists of one module comprising two units.

It gave me a great insight into the financial services industry. I now understand how money works, this also led to a successful promotion at work.

Adam Cowburn

Trainee Mortgage Adviser

What study materials do I get?

Study text for module 1 (UK Financial Regulation) is included in your registration fee. Online study text will be made available immediately after payment and we aim to send a hard copy of your study texts by post within five working days of receiving your registration fees.

At the end of each topic, the study text contains review questions and activities to support your learning.

The following online materials are also included in your registration fee and are available immediately after registration:

student-led discussion forum
study tips videos
weekly study planner
syllabus updates
tax table

This qualification is typically completed in nine months.

Additional study support

We offer a collection of extra study support options to guide you through your studies. These will help you build confidence in the knowledge you have gained.

These are additional to the study text and materials included in the qualification registration fees. You can purchase these when you register or later via your MyLIBF account, our student portal.

CeMAP Revision Tool (CRT) Module 1 (UKFR) £120

Additional revision tool modules, which are only relevant to the CeMAP® qualification, can be bought in a bundle that includes UKFR. By purchasing in a bundle there is a discount offered in comparison to the individual purchase of these modules.

Specimen Papers (paper copy) £27 per paper
Ask The Experts (online tutor support) £26 for 3 months

Find out more

Assessments

UKFR is assessed by a two-hour Pearson VUE electronic exam, split into two sections:

Unit 1, Introduction to Financial Services Environment and Products (ITFS) – 50 multiple-choice questions
Unit 2, UK Financial Services and Regulation (UKFR) – 50 multiple-choice questions

The exams can be taken at a time and location of your choice at over 150 Pearson VUE test centres nationwide with same day results.

You will have 12 months to complete each module and sit the exam. Your first exam is included in the registration fee for each module. If you wish to retake an exam you will need to pay a resit fee.

Exam and assessment information

Certificate

We will post your qualification certificate to you once the unit is successfully completed.

Fees

You can also call our Customer Services team on +44 (0) 1227 818 609 or talk to them on live chat.

Registration fee

US$310

includes your exam fee, online and hard copy study text.

You will also get access to a student-led discussion forum, study tip videos, a weekly study planner and syllabus updates.

Additional costs

Corporate bookings

If you are a company and want to register a cohort of students onto CeMAP please email corporate@libf.ac.uk for further information.

Progression

Completion of UKFR provides a number of routes into other qualification areas.

If you wish to achieve a licence to practise and work as a mortgage adviser, UKFR can be extended by taking a further two modules to achieve the Certificate in Mortgage Advice & Practice (CeMAP).

External UKFR training courses

Some students prefer a qualification route with extra learning support. We have recognised a select number of UKFR training course providers offering to help support your learning and understanding of the concepts and materials.

Please be aware that UKFR training courses may be advertised externally as CeMAP module 1.

UKFR training courses are optional and do not include our UKFR qualification registration fee. You will still need to register and complete the UKFR qualification through us, as we are the only provider who can award UKFR.

Find out more

Frequently Asked Questions

For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.

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