Free CeMAP 1 Exam Prep
CeMAP Module 1 (Financial Services, Regulation and Ethics)
Prepare for the 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: Study Roadmap
Follow this path to organize your exam preparation
Suggested phase 1: Industry, Markets and Consumer Needs (FRE1)You are here
Editorial 25-hour allocation within the official 50-hour unit study time. Study the UK financial-services industry, how markets serve consumers, economic drivers and the main product groups.
Suggested phase 2: Risk and Regulation (FRE1)
Editorial 25-hour allocation within the official 50-hour unit study time. Cover risk, UK regulators, the FCA Handbook, the regulatory framework and industry responsibilities.
Suggested phase 3: Advice Skills and Conduct (FRE2)
Editorial 25-hour allocation within the official 50-hour unit study time. Practise client communication, fact finding, suitability, Consumer Duty, conduct rules and fair customer outcomes.
Suggested phase 4: Client Protection and Ethics (FRE2)
Editorial 25-hour allocation within the official 50-hour unit study time. Review AML, data protection, complaint handling, FOS and FSCS, professional ethics and linked case-study questions.
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
Walbrook assigns 50 hours of unit study time each to FRE1 and FRE2; candidates schedule each exam when ready within registration.
From start to license in hand
Exam Provider
LIBF, part of Walbrook Institute London; online assessment with remote invigilation
Retake Policy
Resits cost £120 per unit; Walbrook limits unsuccessful candidates to three attempts per week and ten attempts in any 12-month period per unit.
Total Cost Breakdown
Free CeMAP 1 Prep Tools
Reported exam pass rate: No official CeMAP Module 1 pass rate is published by Walbrook Institute London.. These figures describe exam candidates, not OpenExamPrep user outcomes. Check the exam sponsor’s website for published statistics.
Free 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
Review the current FRE1/FRE2 blueprint and UK tax, FSCS and FOS limits before sitting.
Free Access
Start CeMAP Module 1 prep free before paying enrolment or training fees.
What You'll Study
11 chapters covering the exam topics in this guide
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 LIBF, part of Walbrook Institute London
Exam Content Breakdown
Based on the official LIBF, part of Walbrook Institute London content outline
Financial-services industry and markets, consumer needs, economic drivers, products, risk, regulators, the FCA Handbook and the UK regulatory framework.
Client communication and advice process; conduct and Consumer Duty; record keeping, AML, data protection, complaints, FOS and FSCS; professional ethics and judgement.
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 LIBF, part of Walbrook Institute London Resources
Verify information with these official sources
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