KNDI Licensing study plan

Map every licensing trigger in the regulatory framework to the entity types and activities it covers, and write a one-page decision tree from memory

List the application, approval, variation, and withdrawal steps in sequence and annotate the documents and timelines attached to each

Define the key statutory terms (licensed activity, fit and proper, controller, appointed representative) in your own words without looking at notes

Identify the five most common grounds for refusal or revocation and match each to a control a firm would need

Compare the governance duties of the board, senior management, and compliance function under the licensing regime and tabulate who owns each duty

Draft the agenda and minutes outline for a compliance committee meeting that satisfies the framework's oversight expectations

Explain how fitness-and-propriety assessments apply to directors and qualifying shareholders, including notification duties on changes of control

Trace how a governance failure escalates into a licensing consequence, citing the specific rule chain

Calculate the minimum capital requirement under each applicable method and state which method binds for a given firm profile

Build a worked example showing how a capital shortfall is detected, reported, and remediated within the required timeframe

Distinguish the components of eligible capital and explain the deductions and limits applied to each

Describe the liquidity and financial-resource expectations that sit alongside the capital ratio, and how stress testing feeds into them

Assemble the full set of prudential and financial returns a licensed firm must submit, with frequency, deadline, and sign-off owner for each

Explain the escalation rules for late, amended, or inaccurate submissions and the consequences attached

Reconcile a sample set of financial statements to the corresponding regulatory return line items

Draft the disclosure narrative a firm would publish on its capital position and risk profile

Apply the conduct standards for client onboarding, suitability, and product disclosure to three contrasting client scenarios

Identify conflicts of interest in a sample business model and design controls that meet the required standard of client fairness

Explain the rules on marketing communications, inducements, and best execution, and spot violations in five short fact patterns

Describe the complaints-handling and remediation pathway from first complaint to final redress

Trace client money from receipt to segregation, reconciliation, and return, and state the daily and periodic controls at each stage

Explain the treatment of client assets on insolvency and how the safeguarding regime differs for custody versus money balances

Build a customer due diligence workflow covering identification, verification, beneficial ownership, and enhanced measures for higher-risk clients

Outline the suspicious activity reporting chain, including internal escalation, tipping-off restrictions, and record retention

Specify the retention periods, formats, and retrieval expectations for client, transaction, and compliance records

Explain the notification duties owed to the regulator for material events, breaches, and changes in circumstances, with the trigger and deadline for each

Revisit the licensing framework and close every gap flagged in your week 1 self-assessment

Draft a materiality assessment for three hypothetical events to decide whether notification is required

Complete two full-length timed mock exams and score each domain separately to expose residual weak spots

Re-drill only the domains scoring below 70% until each reaches at least 80% on a fresh question set

Recite the ten highest-yield rule chains (licensing trigger to consequence) from memory without prompts

Build a one-page pre-exam sheet of figures, deadlines, and thresholds and verify every entry against source material