Free CISI UKFR practice questions & mock exams
Sit a full 75-question, 90-minute mock UK Financial Regulation exam, free — every syllabus element, marked against the 70% pass mark with an explanation for every answer.
No account needed to start. No card required.
The UKFR exam at a glance
A computer-based, multiple-choice regulation exam from the Chartered Institute for Securities & Investment, sat at a Pearson VUE test centre or online.
Computer-based candidates may also see up to 10% extra trial questions that don't count towards the result, so you may be shown slightly more than 75.
The syllabus, and where the marks are
UKFR has four syllabus elements, and they're far from equal: Conduct of Business and Client Assets is 35 of the 75 questions on its own, and with Enhancing Market Integrity those two carry about 72% of the paper. Weight your revision accordingly — each area has its own guide below.
Start free, then go deeper
- 75 questions in 90 minutes
- Across the syllabus elements
- Explanation for every answer
- Per-element breakdown at the end
- No card needed
- Over 2,900 questions and 1,700 flashcards
- Full timed mocks — no repeats
- Drill individual elements, weakest first
- Practise every question you got wrong
- A study plan built from a diagnostic mock
Sit the free mock first — it tells you which elements you actually need, and the score carries over.
New to UKFR, or coming back to it?
The complete guide covers all five syllabus elements, the exam format and 70% pass mark, how UKFR fits into the CISI qualifications, what it costs, and a realistic plan to pass first time.
Read the complete guideCISI UKFR questions, answered
UK Financial Regulation (UKFR) is the core regulatory exam from the Chartered Institute for Securities & Investment (CISI). It tests your knowledge of how UK financial services are regulated — the FCA and PRA, the Financial Services and Markets Act, financial crime and market abuse, the FCA Conduct of Business and Client Assets rules, and complaints and redress. It is a computer-based, multiple-choice exam sat at a Pearson VUE test centre or online, and it sits inside several CISI qualifications including the Investment Advice Diploma and the Investment Operations Certificate.
The UKFR exam is 75 multiple-choice questions in 1 hour 30 minutes. Computer-based candidates may also see up to 10% additional trial questions that are not identified separately and do not count towards the result, so you may be presented with slightly more than 75 questions in total.
The CISI sets the UKFR pass mark at 70%. On a 75-question paper that means you need to answer the large majority correctly, so consistent, timed practice across all five syllabus elements is what makes the difference — especially on the FCA Conduct of Business element, which is by far the largest.
UKFR has four syllabus elements: Conduct of Business and Client Assets; Enhancing Market Integrity (money laundering, insider dealing and market abuse); the Regulatory Environment (the FCA, PRA, Bank of England and the Financial Services and Markets Act); and Complaints and Redress. Conduct of Business is weighted most heavily by some distance, so it deserves the most revision time.
The 75 questions are split across the four elements as follows: Conduct of Business and Client Assets has 35 questions, Enhancing Market Integrity has 19, the Regulatory Environment has 12, and Complaints and Redress has 9. Conduct of Business and Market Integrity together make up 54 of the 75 marks — about 72% of the paper — so those two elements should take the majority of your revision time. (Figures from the CISI UK Financial Regulation syllabus.)
Most candidates find UKFR more approachable than the heavily numerical technical units, because it rewards careful reading and disciplined recall rather than calculation. The catch is its breadth and the precision it demands — the Conduct of Business rules in particular are tested on exact detail, so being roughly right often isn't enough. Steady question practice rather than last-minute cramming is what carries people through.
UKFR is a knowledge exam, so it rewards coverage and recall under time pressure rather than clever reasoning. The most common reasons people fall short are under-revising the huge Conduct of Business element, confusing similar regimes (insider dealing versus market abuse, the Ombudsman versus the Compensation Scheme), and not practising at exam pace. Working through a large bank of exam-style questions, reviewing every one you get wrong, and sitting full timed mocks is the most reliable route to 70%.
Most people who pass comfortably work through well over a thousand practice questions and several full mocks, focusing their effort on the Conduct of Business and Associated Legislation elements where the marks and the traps concentrate. What matters is reviewing your wrong answers until you understand why the right one is right, not just racking up attempts.
Right here on PrepSuite. You can sit a free UKFR mock exam — a full-length, timed, multiple-choice paper across the syllabus elements, marked instantly with an explanation for every answer and a breakdown of where you dropped marks — with no account needed to start. The full question bank and extra mocks are available with Pro when you are ready to go deeper.
Yes. UKFR is entirely multiple choice — 75 standard multiple-choice questions with one correct answer each, sat by computer. There is no written or oral component, which is exactly why targeted question practice works so well for it.
The CISI sets the exam enrolment fee, and CISI unit fees generally fall in the £200–£400 range depending on the unit and how you book. Always check the current UKFR fee on the CISI website before you enrol, as fees change. PrepSuite Pro is a small fraction of that and is designed to help you pass first time rather than paying to resit.