CeMAP Module 1 case studies
CeMAP Module 1 · Put your knowledge to work in context.
CeMAP Module 1 - usually titled UK Financial Regulation - is the regulation paper that sits at the foundation of the Certificate in Mortgage Advice and Practice, the benchmark qualification for anyone entering or already working in UK mortgage advice. Because every later mortgage topic (product selection, affordability, disclosure, advice process) is framed by regulation, Module 1 is where candidates first learn who the regulators are, what they require, and how those requirements reach the desk of an adviser. The CeMAP Module 1 case studies are 5 cases and about 4,877 words.
1When 'we'll tell the FCA in March' is not a permission
Corran Mortgage & Protection Ltd is directly authorised by the FCA, with Part 4A permission covering advising on and arranging regulated mortgage contracts, and advising on and arranging pure protection contracts. In January the directors agree two changes.
953 words, about 5 min2Holiday cover: a qualified paraplanner on the phone
Ashgrove Financial Planning Ltd is an FCA-authorised independent advice firm. Its only retail investment adviser, Ruth, is on maternity leave from 1 June.
923 words, about 5 min3The final response that forgot the Ombudsman
On 12 March 2024 Mrs Yardley complains in writing to Halden Wealth Ltd that in February 2019 she was advised to invest £120,000 - nearly all her savings - into a single fund that is now down 32%. She says she only realised in January 2024, after reading an article, that the fund's risk rating had been misdescribed in the suitability report.
1,016 words, about 5 min4Cash in a holdall, a new wife and a subject access request
Gareth, a self-employed property developer and Halston IFA client for nine years, asks his adviser Kemi to settle an £18,750 initial fee with cash he will bring 'in a holdall next Tuesday'. His file shows the last customer due diligence refresh was in 2016.
997 words, about 5 min5A £250,000 instruction, an 81-year-old client and a bonus four weeks away
Edith, 81, is a widow whose £410,000 discretionary managed portfolio is run by Trelawney Wealth Ltd, charging 1.15% a year plus underlying fund costs of 0.80%. Her file records mild cognitive impairment noted in 2022, and no attorney or deputy is registered.
988 words, about 5 min