R01: Financial Services, Regulation & Ethics
R01 covers the foundations of UK financial services regulation — including the FCA regulatory framework, the role of regulated firms, ethical principles, and consumer protection rules. It is the starting point for most CII Diploma candidates and provides the regulatory grounding that underpins all other R-series units.
Units
Frequently Asked Questions
How many questions are in the CII R01 exam?
The CII R01 exam consists of 100 multiple-choice questions, to be completed in 2 hours. The pass mark is 70%.
What topics are covered in CII R01?
CII R01 covers the UK financial services industry and its regulation, including the FCA regulatory framework, ethics and integrity, regulated activities, conduct of business rules, anti-money laundering, and consumer rights and complaints.
Is CII R01 hard to pass?
R01 is considered one of the more accessible R-series units. With structured MCQ practice, most candidates pass first time. The key is practising across all difficulty levels, not just easy questions.
How should I prepare for CII R01?
CII recommends using the official study text alongside MCQ practice. CII Prep provides unlimited practice questions at easy, medium, and hard difficulty — start with R01 for free, no card required.