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CII CF1 · UK Financial Services, Regulation and Ethics
Practice questions built for the CF1 exam — learning outcome by learning outcome
CF1-style multiple choice questions across all 16 syllabus learning outcomes. Scenario-based questions on industry structure, products, UK tax, FCA conduct rules, AML, and complaints — with instant feedback and progress tracking so you revise the way the exam actually tests you.
10 free questions · No account required.
Built for CF1 candidates
Whether you are starting the Certificate in Regulated Financial Services Operations, returning to study, or consolidating regulation and ethics, this resource helps you practise the way CF1 is assessed.
Exam-format questions
Standard multiple choice with four options (a–d) — the same core format as the CF1 paper.
Syllabus aligned
All 16 learning outcomes from the CII CF1 specification — industry structure, products, advice process, tax, FCA rules, AML, complaints, and data protection.
Learn from every answer
See whether you were right or wrong immediately, with a short explanation after each question.
Full syllabus coverage
Every CF1 learning outcome is available as its own practice test. Work through topics as you study, or sit the full 100-question exam when you are ready. Browse all learning outcomes to see which are free or locked.
Full CF1 practice exam
100 questions across all learning outcomes — the same length as the real exam
- All 16 learning outcomes
- 100 standard MCQs
- Exam conditions
LO 1 — UK financial services industry
Syllabus outcomes 1.1–1.3 · 5 exam questions
- Function in the economy
- Markets and institutions
- Government role
LO 2 — Financial asset classes
Syllabus outcomes 2.1 · 7 exam questions
- Cash, gilts and bonds
- Equities
- Property
LO 3 — Financial product types
Syllabus outcomes 3.1 · 6 exam questions
- Direct and collective investments
- Life and protection
- Mortgages and loans
LO 4 — Areas of financial advice
Syllabus outcomes 4.1 · 6 exam questions
- Budgeting and protection
- Savings and retirement
- Long-term care and estate planning
LO 5 — Financial advice process
Syllabus outcomes 5.1–5.2 · 6 exam questions
- Fact-find and suitability
- Vulnerable customers
- Regular reviews
LO 6 — Legal concepts
Syllabus outcomes 6.1–6.3 · 7 exam questions
- Wills, trusts and companies
- Contract, agency and LPAs
- Insolvency and bankruptcy
LO 7 — Taxation and social security
Syllabus outcomes 7.1–7.6 · 8 exam questions
- Income Tax, CGT and IHT
- Stamp taxes and NI
- State benefits
LO 8 — Inflation and interest rates
Syllabus outcomes 8.1–8.2 · 3 exam questions
- Inflation indices
- Fixed vs variable rates
LO 9 — Regime, ethics and conduct
Syllabus outcomes 9.1–9.2 · 6 exam questions
- FCA and PRA objectives
- SM&CR and Consumer Duty
- Fit and proper
LO 10 — Regulators’ supervision
Syllabus outcomes 10.1–10.2 · 6 exam questions
- Regulated activities
- Supervision and enforcement
- Authorisation and adviser types
LO 11 — FCA control structures
Syllabus outcomes 11.1 · 7 exam questions
- Certification regime
- Financial promotions
- Training and competence
LO 12 — Conduct of Business (COBS)
Syllabus outcomes 12.1 · 15 exam questions
- Client categorisation and KYC
- Suitability and appropriateness
- MCOB and ICOBS rules
LO 13 — Anti-money laundering
Syllabus outcomes 13.1 · 6 exam questions
- MLR offences and CDD
- Reporting and record keeping
- Fraud and bribery
LO 14 — Complaints and compensation
Syllabus outcomes 14.1 · 3 exam questions
- DISP complaints rules
- FOS and FSCS
LO 15 — Data protection & medical reports
Syllabus outcomes 15.1 · 5 exam questions
- UK GDPR principles
- Access to Medical Reports Act
LO 16 — Other non-tax law
Syllabus outcomes 16.1 · 4 exam questions
- Consumer Rights Act
- Equality Act and TPR
- CMA and competition
How it works
Three steps — no complicated setup.
What other CF1 candidates say
Early feedback from people using the site to prepare for their exam.
“CF1 covers a lot of ground — industry structure, tax, COBS, and AML. Being able to drill each learning outcome separately made a real difference.”
“The scenario questions feel closer to the real paper than generic regulation quizzes — applied client and firm contexts, not just definitions.”
“FCA objectives and Consumer Duty used to blur together for me. The explanations after each question sorted that out.”
Try free samples
10 free CF1-style questions with explanations — no account required. The monthly plan unlocks every learning outcome and the full 100-question exam.
Try free samples
10 free questions · No account required.