Free CeMAP 1 Exam Prep
CeMAP Module 1 (Financial Services, Regulation and Ethics)
Pass your CeMAP 1 exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.
Quick Facts
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CeMAP LIBF Financial Qualifications License: Complete Roadmap
Follow this path to maximize your chances of passing on the first try
Phase 1: Industry and Regulators (FRE1)You are here
Learn the UK financial services landscape, the FCA, PRA, Bank of England, FOS, FSCS, providers, advice channels and authorisation.
Phase 2: AML, Credit and Data (FRE1)
Cover anti-money laundering, KYC and due diligence, consumer credit, data protection and complaints handling.
Phase 3: Conduct, Ethics and Consumer Duty (FRE2)
Study COBS, the Consumer Duty, ethics and integrity, conflicts of interest, vulnerable customers and the advice process.
Phase 4: Tax, Products, Benefits and Mocks (FRE2)
Master taxation, savings, investment, protection and pension basics, state benefits, then complete case-study mocks for both units.
Can You Take the CeMAP 1 Exam?
Check if you meet the basic eligibility requirements
- •Register through Walbrook Institute London (formerly LIBF) or an approved training provider
- •Pass both FRE1 and FRE2, each at 70%, to complete Module 1
- •Module 1 is one of three modules required for the full CeMAP qualification
- •Sit FRE1 and FRE2 in either order via the Brightspace online platform
CeMAP 1 Quick Facts
Time to Get Licensed
6-8 weeks for most candidates studying part-time, sitting FRE1 and FRE2 when ready.
From start to license in hand
Exam Provider
Walbrook Institute London (formerly LIBF) via the Brightspace online platform
Retake Policy
Candidates may resit FRE1 and/or FRE2 if they do not achieve the 70% pass mark, paying the applicable resit fee for each attempt.
Total Cost Breakdown
Free CeMAP 1 Prep That Actually Works
The official pass rate is Training providers report high first-time pass rates for Module 1, often around 90%, but the awarding body does not publish a single official pass-rate figure.. Our students do better.
100 Practice Questions
FSRE-style drills spread evenly across the FRE1 and FRE2 units.
AI-Powered Learning
Adaptive guidance targets weak regulation, ethics and product areas.
2026 Updated
Aligned to the September 2025 FRE1/FRE2 structure and current UK tax, FSCS and FOS limits.
Free Access
Start CeMAP Module 1 prep free before paying enrolment or training fees.
What You'll Study
11 chapters covering everything you need to pass
Introduction
2 sections
UK Financial Services Industry and the Wider Economy
6 sections
Serving the Retail Consumer
3 sections
Legal Concepts for Financial Advice
5 sections
Development of UK Financial Services Regulation
3 sections
The FCA and PRA and Their Handbook
7 sections
Advising Clients: Skills and Process
4 sections
Principles for Businesses and Conduct Rules
4 sections
Regulatory Framework Rules and Consumer Protection
5 sections
The Regulatory Advice Framework
6 sections
Ethics and Professional Behaviour
5 sections
CeMAP 1 Exam Details
CeMAP Module 1 (Financial Services, Regulation and Ethics)
Administered by Walbrook Institute London (formerly LIBF / The London Institute of Banking & Finance)
Exam Content Breakdown
Based on the official Walbrook Institute London (formerly LIBF / The London Institute of Banking & Finance) content outline
UK financial services industry, the FCA, PRA, Bank of England, FOS and FSCS, product providers, advice channels, authorisation, anti-money laundering, consumer credit and data protection.
Conduct of business and Consumer Duty, ethics and integrity, consumer protection, taxation, savings, investment, protection and pension product basics, and state benefits.
What's Included
11 Chapters
Complete exam coverage
Practice Quizzes
With detailed explanations
Free to Start
No credit card required
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What's Next After the CeMAP 1?
After passing the CeMAP 1, you can pursue these career paths
CeMAP Module 2
Progress to mortgage law, policy, practice and the loan/repayment detail of UK mortgages
CeRER
Add equity release knowledge for advising older homeowners
DipFA
Move toward broader regulated financial advice beyond mortgages
CeMAP full qualification
Combine Modules 1, 2 and 3 to qualify as a UK mortgage adviser
CeMAP 1 Exam FAQ
Official Walbrook Institute London (formerly LIBF / The London Institute of Banking & Finance) Resources
Verify information with these official sources
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