Financial Services, Regulation and Ethics (FSRE)
Financial Services, Regulation and Ethics (FSRE) gives you an overview of the financial advice sector, focusing on key ethical and legal concerns and how they are overseen by the regulator.
About the qualification
FSRE provides a foundation on the financial services industry. The course covers the Financial Conduct Authority’s approach to ethical and unethical behaviours within the industry, its Code of Ethics, as well as some of the skills required to provide financial advice in today’s market.
If you work or aspire to work in the retail financial advice sector, FSRE will equip you with the knowledge and skills you need to start your career on a strong footing, with a thorough understanding of how the financial service industry works – as well as the different components, interrelationships, and relevant legal concepts that influence how it is regulated.
FSRE also provides a platform for continued studies within financial services, as it is a compulsory module on several of our financial advice qualifications. It's also part of the Financial Services Administrator and Compliance/Risk Officer apprenticeship standards, offering a broad base for various roles in the sector.
While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.
Registration is open year-round
Comprehensive study materials are provided
Multiple-choice exam assessment
On-demand exams in over 150 nationwide locations with same day results
Upon completion, you are able to use the 'FSRE’ designation after your name
Once you’ve passed, you’ll receive a digital certificate. A paper copy can also be ordered for an additional fee
What your studies will cover
Key components and interrelationships of the financial system
The regulatory framework of the UK’s financial services
The FCA’s approach to ethical and unethical behaviour
Approaches to the advice process
How to apply FCA principles, requirements, and regulations to client relationships
Essential legal concepts and considerations relevant to financial advice
Your qualification at a glance
Assessments
The exams can be taken at any time at a Pearson VUE test centre with same day results.
Your first exam is included in the registration fee for each module.
Regulation
The Financial Services, Regulation and Ethics is a Level 4 award registered with Ofqual in the Regulated Qualifications Framework (RQF).
Module information
FSRE is comprised of two units.
Studying
Study texts are included in your registration fee. Online study texts will be made available immediately after payment and we aim to send a hard copy of your study texts by post within five working days of receiving your registration fees. At the end of each topic, the study text contains review questions and activities to support your learning. Two specimen papers are also provided.
This qualification is typically completed in four months.
Assessments
Both units need to be passed in order to complete FSRE. Both units are mandatory and are assessed by two, one-hour exams.
Each unit will include 25 multiple choice questions and 3 case studies with 5 linked multiple-choice questions.
Each unit is worth a total of 40 marks, meaning that the entire exam is worth a total of 80 marks.
The exams can be taken at any time at a Pearson VUE test centre with same day results.
You will have 12 months to complete and sit the exam. Your first exam is included in the registration fee. If you need to retake your exam you will pay an additional fee.
Certificate
You will receive a digital certificate once the unit is successfully completed.
Fees
For an informal discussion, please contact our Student and Customer Services team on +44(0)122781860 or by emailing customerservices@libf.ac.uk.
US$417
Additional study support
FSRE revision videos
If you are studying Financial Services, Regulation and Ethics (FSRE), why not support your learning with our FSRE revision videos.
The videos focus on the areas of the syllabus that students find more difficult. An experienced tutor breaks down the learning into smaller topics to help you digest the content more easily and providing examples to support your learning. The videos also include example questions throughout that help reinforce your learning to help you prepare and give you a taste of the exam question style.
The videos can be watched on any device, from anywhere in the world – as long as you have internet access – giving you the flexibility to study when and where it suits you.
The videos cost just £149 for the full series and access lasts for 12 months. There are just under four hours of video content in total. Once purchased, they will be available for you to access through your www.mylibf.com account.
To purchase the FSRE videos, simply log into your www.mylibf.com account and click on the “Purchase Additional Study Support” button.
Progression
FSRE provides a platform for continued study within the financial services sector and a wide range of other business-related disciplines.
If you wish to achieve a licence to practise and work as a financial adviser, you can continue your studies by taking a further unit to achieve the Diploma for Financial Advisers (DipFA®).
Membership
As a student studying this qualification you will automatically become a Member of LIBF. The cost is included in your course registration.*
*Please note that upon completion of your studies you will be required to pay an annual subscription fee if you wish to continue your membership.
Frequently Asked Questions
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