CISI IISI case studies
CISI IISI · Put your knowledge to work in context.
The CISI Investment Operations Certificate (IOC) is a professional qualification from the Chartered Institute for Securities & Investment, a body that reports more than 54,000 members worldwide and is registered in England and Wales as charity number 1132642 and in Scotland as SC040665. The Investment Industry Standards and Integrity (IISI) unit is the standards and conduct component of that qualification, and it is aimed at people working in, or moving into, investment operations roles: settlement and custody staff, fund administrators, trade support, reconciliations, client onboarding and compliance-adjacent functions. The CISI IISI case studies are 5 cases and about 4,843 words.
1Hospitality, an unpublished rating and a partner's trade
Priya is a senior investment administrator at a UK wealth manager authorised by the FCA. Barlow Hale, a broker seeking order flow, invites her to a Champions League fixture with hospitality she estimates at £450, and separately offers 'the whole desk' two days at a golf resort.
926 words, about 5 min2Client money in the wrong account and a one-day shortfall
Meridian Investment Management is a boutique FCA-authorised discretionary manager that holds client money. On Monday 3 March a new client transfers £250,000 by CHAPS to open a model portfolio.
934 words, about 5 min3An autocallable note for a retiree who needs income
Daniel, aged 74, retired six years ago, has £120,000 of investable savings: £95,000 in a building society instant-access account and £25,000 in an old managed fund. His state pension and a small annuity cover his regular bills.
965 words, about 5 min4A trainee, an off-the-record bid and a market-making desk
Tom is a trainee in the corporate broking team at Halloway Partners, an FCA-authorised firm with a market-making arm. On Monday he attends a routine client meeting with the CFO of Draymore plc, a listed industrial company.
966 words, about 5 min5A £60,000 withdrawal, a lottery and a bereaved client
Margaret is 79 and has been a client of the firm for 22 years, holding a £250,000 portfolio producing about £9,000 a year of income. Her husband died four months ago, and she tells her adviser, Sam, that she has 'a lot to sort out'.
1,052 words, about 5 min