CeMAP Module 1 study plan

Map the UK financial services industry into a single-page diagram organised by sector, provider type and function

State the statutory objectives of the FCA and the PRA and match each regulator to the firm types it prudentially or conduct-regulates

Explain the post-2012 regulatory architecture, including the role of HM Treasury, the Bank of England and the FPC in setting the framework

Distinguish prudential from conduct regulation and give two practical consequences of the split for a mortgage or investment firm

Sit a 30-question self-test on the environment and log the score and every incorrect answer

Explain the legal basis of regulation under FSMA 2000, including the general prohibition in s.19 and the concept of a regulated activity

Describe the FCA's supervisory model, from authorisation through ongoing supervision to enforcement, and name the enforcement powers available

Summarise the FCA's regulatory principles and explain how they are applied to firms alongside the statutory objectives

Distinguish authorisation, individual approval or certification, and supervision, and identify what triggers each one

Build a glossary of 25 Handbook defined terms using your own wording

Construct a matrix of specified investments against specified activities under the RAO and mark which combinations are regulated

Classify 20 worked scenarios as regulated or not regulated, giving the reason for each decision

Outline the Threshold Conditions and explain how a firm's failure to meet them is dealt with

Describe the Senior Managers and Certification Regime and the conduct rules, and apply them to three individual scenarios

Map the structure of the FCA Handbook from high-level standards through business standards and specialist sourcebooks

Outline the three stages of money laundering and identify at least ten red flags across the placement, layering and integration stages

Explain the MLR 2017 obligations for customer due diligence, enhanced due diligence, politically exposed persons, record keeping and reporting suspicions

Describe the firm's internal reporting route for suspicions and the role of the nominated officer and the NCA

Apply the data protection principles and data subject rights under the DPA 2018 and UK GDPR to three practical firm scenarios

Distinguish the key offences under POCA, the Bribery Act, the Fraud Act and terrorist financing legislation

Outline the internal complaint handling process under DISP, including acknowledgement, final response and the applicable timescales

State the Financial Ombudsman Service time limits for referral and for bringing a complaint, and the current award limit

Explain FOS jurisdiction and identify which complaints fall outside it

Distinguish FOS adjudication from redress schemes and statutory compensation, and identify when each applies

Work through eight complaint scenarios and decide eligibility, likely outcome and the correct next step for the firm

Explain the Consumer Duty outcomes and cross-cutting rules and map them onto a firm's product and service journey

Identify characteristics of vulnerability and describe how fair treatment and consumer understanding obligations adapt to them

Apply the ethical standards expected of an adviser to three conflicts of interest and inducements scenarios

Explain how the FCA uses its powers to secure an appropriate degree of consumer protection, including product intervention and consumer redress

Re-test the two lowest-scoring domains from your error logs and close every remaining gap

Compile a one-page fact sheet of every number, timescale, threshold and limit in the syllabus

Sit one full timed mock under exam conditions with no notes or interruptions

Analyse every wrong answer and classify the cause as knowledge gap, misreading or process error

Revise only from your error log and fact sheet to consolidate weak areas

Sit two further timed mocks and compare scores against week 7 to confirm improvement

Rehearse exam technique for multiple-choice questions, including elimination and flag-and-return strategy

Recite the key regulator, statute and sourcebook for each domain from memory without notes