LIBF CeMAP Module 1 — Financial Services, Regulation and Ethics (FSRE) Vocabulary Game
Exam terms with clues and explanations by OpenExamPrep.
About the LIBF CeMAP Module 1 — Financial Services, Regulation and Ethics (FSRE) Vocabulary Game
A free word game for the LIBF CeMAP Module 1 — Financial Services, Regulation and Ethics (FSRE) exam. Each round shows a clue for one of 20 exam terms across 7 topics. Recall the term, spell it out, then read a short explanation. Rounds pick a random term, so you can keep playing as long as you like.
How to Play
- 1Read the clue and type a term with the right number of letters (3 to 6). Abbreviations count: type the letters only.
- 2Press Check Answer or Enter. Each letter changes color to show how close you are.
- 3You have 6 tries. Stuck? Need a hint? asks the AI tutor for a nudge without giving the term away, and Skip moves to a new term.
- 4After the round, read the explanation, ask the AI to explain it, share your result, or press Next.
- ARight letter, right spot
- AIn the term, wrong spot
- ANot in the term
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Topics in the LIBF CeMAP Module 1 — Financial Services, Regulation and Ethics (FSRE) Vocabulary Game
Markets and assets
Retail products
Legal concepts
Regulatory history
Regulators and rules
Conduct and protection
Ethics and competence
Sources for these terms (22)
- About Gilts · Source checked 2026-11-03
- What is money? · Source checked 2026-11-03
- Individual Savings Accounts (ISAs) · Source checked 2026-11-03
- Trusts and taxes · Source checked 2026-11-03
- Make, register or end a lasting power of attorney · Source checked 2026-11-03
- FSA Annual Report 2012/13 · Source checked 2026-11-03
- About us · Source checked 2026-11-03
- About the FCA · Source checked 2026-11-03
- Prudential regulation · Source checked 2026-11-03
- COBS Conduct of Business Sourcebook · Source checked 2026-11-03
- Client money and assets · Source checked 2026-11-03
- Rules to firms within scope of insurance distribution directive-2018 · Source checked 2026-11-03
- Money laundering and terrorist financing · Source checked 2026-11-03
- The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, regulation 27 · Source checked 2026-11-03
- The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, regulation 28 · Source checked 2026-11-03
- Regulation (EU) 2016/679, Article 5 · Source checked 2026-11-03
- About us · Source checked 2026-11-03
- What we cover · Source checked 2026-11-03
- Senior Managers and Certification Regime · Source checked 2026-11-03
- Market abuse · Source checked 2026-11-03
- About the Consumer Duty · Source checked 2026-11-03
- Training and competence · Source checked 2026-11-03
About the CeMAP Module 1 Exam
CeMAP Module 1, the Financial Services, Regulation and Ethics (FSRE) module, is the first module of the UK CeMAP mortgage-adviser qualification. Under the September 2025 structure it has two units, FRE1 and FRE2, each assessed by 25 standalone MCQs plus 3 case studies of 5 linked MCQs in one hour, with a 70% pass mark per unit.
Exam sponsor: LIBF, part of Walbrook Institute London. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Questions
80 questions
Time Limit
60 minutes per unit (FRE1 and FRE2)
Passing Score
70% per unit
Exam / Certification Fees
£330 for CeMAP Module 1 (includes materials and the first sitting per unit); resits £120 per unit.
Exam sponsor websiteReported exam pass rate: Not published by Walbrook Institute London. Walbrook publishes a 70% pass mark per unit but does not publish an official CeMAP Module 1 pass rate. Exam sponsor website
Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Frequently Asked Questions
Is the CeMAP 1 vocabulary game free?
Yes. The game is free to play with no sign-up. Signing in adds AI explanations for any term.
How does the CeMAP 1 vocabulary game work?
Each round shows a clue for one of 20 CeMAP 1 terms. Guess the term in six tries: green means the right letter in the right spot, yellow means the letter is in the term but in another spot, and gray means it is not in the term. After the round, read the explanation and play the next term.
Where do the CeMAP 1 terms come from?
OpenExamPrep researched each term from the LIBF, part of Walbrook Institute London content outline and primary sources, listed under Sources on this page. The game is independent study material, not an official exam resource.
What is CeMAP Module 1?
CeMAP Module 1 is the Financial Services, Regulation and Ethics (FSRE) module, the first of three modules in the UK CeMAP mortgage-adviser qualification awarded by Walbrook Institute London (formerly LIBF). It covers the UK financial services industry, regulation, ethics, taxation and product basics.
How is CeMAP Module 1 structured under the 2025 changes?
From September 2025, Module 1 is split into two units, FRE1 and FRE2. Each unit has 25 standalone multiple-choice questions plus 3 case studies of 5 linked questions, sat online via Brightspace in one hour.