CCM Unit Trust study plan

Map the regulatory architecture that governs unit trusts in your jurisdiction, naming the primary statute, the securities regulator, and the self-regulatory or industry bodies involved

Distinguish a unit trust from a company, an investment trust, and an exchange-traded fund by legal form, redemption mechanics, and pricing basis

Identify who may act as trustee, manager, and custodian, and state the core eligibility, capital, and independence conditions for each role

Explain the constitutional documents of a scheme (trust deed, prospectus, and management company articles) and what each one governs

Outline the authorisation or registration pathway for a new scheme, from application to launch, including the documents submitted and grounds for refusal

Summarise ongoing obligations: valuation and pricing rules, disclosure and reporting deadlines, and the rules on changes to a scheme requiring investor or regulator approval

State the rules on winding up or terminating a scheme and the order in which assets are distributed

Describe the investor-protection mechanisms: segregation of assets, trustee oversight duties, and any compensation or redress arrangement

Explain the regulator's supervisory and enforcement powers and the typical consequences of breach for firms and individuals

Classify unit trust products by asset class, strategy, and distribution policy, and match each type to the investor need it serves

Explain how units are created and cancelled, how the manager deals with subscriptions and redemptions, and how forward pricing and dilution protection work

Compute net asset value per unit, an offer-to-bid spread, and the effect of an initial charge on the amount actually invested

Compare accumulation and distribution units and describe how income is calculated and paid

Identify the main risks each product type carries and how the prospectus discloses them

Break down the total cost of ownership of a unit trust: initial charge, annual management charge, other ongoing charges, and any performance fee

Explain how to read a fund fact sheet and a prospectus, locating objective, risk profile, charges, and past-performance caveats

Describe the operational cycle of a fund: dealing cut-off, valuation point, pricing, settlement, and unit register maintenance

Outline the roles of the administrator, transfer agent, and auditor, and how errors and pricing breaches are corrected

Apply the marketing rules that govern unit trust promotion: fair, clear, and not misleading communication, balanced risk warnings, and rules on past performance and projections

Distinguish permitted from prohibited content in advertisements, social media posts, and oral presentations

Explain the suitability and know-your-client process, including risk profiling and the record-keeping that supports a recommendation

Describe the disclosure obligations at the point of sale: charges, conflicts of interest, and the status of any advice given

Identify the complaint-handling and cooling-off or cancellation rights available to retail investors

Build a distribution map: direct sales, intermediaries, platforms, and discretionary managers, and the responsibilities each carries

Explain inducements and commission disclosure rules and how they interact with the duty to act in the client's best interest

Apply the core ethical duties of integrity, competence, confidentiality, and fair dealing to three realistic distribution scenarios

Recognise and resolve conflicts of interest, including gifts, hospitality, and personal dealing

Describe how inside information and market-abuse rules apply to fund managers and sales staff

Work through the professional-conduct standards on client money, records, and handling of errors, and state the escalation route for each breach type

Revisit the regulatory framework using practice questions, targeting any domain scoring below 70%

Explain the consequences of misconduct for individuals, including disciplinary action, and the firm's reporting duties

Summarise whistleblowing expectations and the protections available

Close every gap in the error log by re-studying the underlying rule and rewriting the affected notes

Recite from memory the key definitions, deadlines, charge types, and disclosure requirements across all four domains

Complete a second timed mock and improve on the first score

Practise explaining three technical concepts aloud in plain language, as you would to a retail client