Type 1 Securities Sales Representative Examination study plan

Map the licensing regime for securities dealing: who must be licensed, the types of regulated activity, and the consequences of dealing without a licence, writing a one-page diagram from memory

Distinguish the roles and obligations of the regulator, exchange, and clearing house in the dealing lifecycle, and list three supervisory tools available to each

Explain the core conduct rules that govern order handling: client priority, best execution, timely allocation, and fair treatment across clients

Draft a short worked example showing how a firm should handle a client order that conflicts with a proprietary order, citing the applicable principle

Walk through the full trade lifecycle from order receipt to settlement, and identify at each step which conduct rule applies and which record must be kept

Build a client onboarding checklist covering identity verification, investment objectives, risk tolerance, financial situation, and knowledge and experience

Apply the suitability assessment to three contrasting client profiles and justify in writing why a specific product is or is not suitable for each

Identify the triggers that require a suitability reassessment and describe how to document the outcome

Explain the know-your-client standard, including the difference between source of wealth and source of funds, and apply it to two high-net-worth client scenarios

Categorize the main types of conflicts of interest in a dealing business and describe the controls that mitigate each

Distinguish between disclosure, avoidance, and management as conflict responses, and justify which is appropriate in three given situations

Draft a conflicts register entry for a scenario where an analyst also advises on a corporate transaction

Outline the anti-money laundering and counter-terrorist financing framework: risk-based approach, customer due diligence tiers, ongoing monitoring, and suspicious transaction reporting

Identify the red flags of market misconduct, including insider dealing, market manipulation, and false trading, and match each to the conduct that defines it

Explain the enforcement process from investigation through disciplinary action, and describe the standard of proof and the penalties available

Analyze two short fact patterns and decide whether insider dealing occurred, writing the reasoning step by step

Map the equity capital markets process from mandate to listing, and identify the roles of the sponsor, underwriter, and placing agent at each stage

Compare the main share issuance methods, including initial public offering, placing, rights issue, and open offer, on dilution, pricing, and shareholder approval requirements

Explain bond pricing mechanics: coupon, yield, duration, credit spread, and the inverse relationship between price and yield, and calculate price sensitivity for a given duration

Distinguish the main debt instrument types and their risk features, including fixed and floating rate notes, convertible bonds, and perpetual securities

Explain the payoff profile and risk of the main derivative types, including futures, options, swaps, and structured notes, and draw the payoff diagram for a call, a put, and a covered call

Describe the mechanics of warrants, including gearing, implied volatility, time decay, and the difference between issuer and market-maker roles

Compare the structures of unit trusts, mutual funds, and exchange-traded funds on pricing, creation and redemption, tracking error, and dealing costs

Apply the suitability framework to a derivative and to an ETF, and explain why each may be unsuitable for a given retail client

Revisit the conduct and ethics rules and apply them to five short ethical dilemmas in a dealing context, writing the correct action and the rule relied on

Review the insider dealing and market misconduct rules and re-test yourself on the red flags identified in week four

Consolidate the licensing regime by writing a short summary of which activities require which licence and the penalties for breach

Identify your three weakest topics from weeks one to six and write a targeted remediation plan for each

Complete two full-length timed mock examinations under exam conditions and record the score for each domain

Review every incorrect answer and write a one-line correction note stating the rule or fact missed

Re-drill the two lowest-scoring domains using your correction notes until you can explain each missed point without reference

Finalize a one-page pre-exam fact sheet covering licensing, suitability, anti-money laundering reporting, and insider dealing definitions