Assessments
Take your exam any time through our Brightspace platform with remote invigilation.
Your first exam is included in the registration fee.
You'll receive a digital certificate once you have passed.

UK Financial Regulation equips participants with a comprehensive understanding of the financial services sector.
About the qualification
UKFR offers an overview of the UK’s financial services sector, its structure, and its purpose. The course covers the rules and regulations that shape the industry, the role of the Financial Conduct Authority, and the various socio-economic factors that influence financial planning.
While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.
Key facts
Registration is open year-round
This module is being phased out and the last date to sit the exam is 16 July 2026
Comprehensive study materials are provided with additional support materials available to purchase
Multiple-choice exam assessment
You can take your exam any time through our Brightspace platform with remote invigilation
Upon completion, you are able to use the 'UKFR' 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
Your studies will cover
The purpose and structure of the UK financial services industry
The Financial Conduct Authority (FCA)'s primary goals and activities
The rules, regulations, and the FCA's method of regulating firms and individuals
Key areas of financial advice, asset classes, and financial services products
How socio-economic factors affect personal financial plans
Take your exam any time through our Brightspace platform with remote invigilation.
Your first exam is included in the registration fee.
You'll receive a digital certificate once you have passed.
The UK Financial Regulation is recognized as a Level 3 award and is registered with Ofqual in the Regulated Qualifications Framework (RQF).
UKFR consists of one module comprising two units.
Unit 1 - Introduction to Financial Services Environment and Products (L/501/8715)
Unit 2 - UK Financial Services and Regulation (R/501/8716)
The environment of the financial services industry, an introduction to the main financial services products and the interplay between regulation and legislation.
You can find more details about your UK Financial Regulation (UKFR) course here:
It gave me a great insight into the financial services industry. I now understand how money works, this also led to a successful promotion at work.
Study text for module 1 (UK Financial Regulation) is included in your registration fee.
At the end of each topic, the study text contains review questions and activities to support your learning.
The following online materials are also included in your registration fee and are available immediately after registration:
student-led discussion forum
weekly study planner
syllabus updates
tax table
This qualification is typically completed in nine months.
We offer a collection of extra study support options to guide you through your studies. These will help you build confidence in the knowledge you have gained.
These are additional to the study text and materials included in the qualification registration fees. You can purchase these when you register or later via your MyLIBF account, our student portal.
Specimen exams (digital copy) £33 each
Ask The Experts (online tutor support) £60 for 3 months
CRT for UKFR - £120 If you purchase the CRT, you do not need to buy the specimen exams as these are all included in the CRT
UKFR is assessed by a two-hour electronic exam, split into two sections:
Unit 1, Introduction to Financial Services Environment and Products (ITFS) – 50 multiple-choice questions
Unit 2, UK Financial Services and Regulation (UKFR) – 50 multiple-choice questions
You can take your exam any time through our Brightspace platform with remote invigilation. There's no need to book in advance. Before you start, you'll need to do a quick 360-degree scan of your surroundings using your laptop or webcam.
You must complete UKFR by 16 July 2026. Your first exam is included in the registration fee. If you wish to retake an exam you will need to pay a resit fee.
Certificate
You will receive a digital certificate upon completion.
Some students prefer a qualification route with extra learning support. We have recognised a select number of UKFR training course providers offering to help support your learning and understanding of the concepts and materials.
Please be aware that UKFR training courses may be advertised externally as CeMAP module 1.
UKFR training courses are optional and do not include our UKFR qualification registration fee. You will still need to register and complete the UKFR qualification through us, as we are the only provider who can award UKFR.
For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.
Your registration fee includes the qualification study materials, and the first sitting of your exam and/or coursework. You will also gain access to MyLIBF (our student portal). Some qualifications include a hard copy of the study text, access to student forums, tutor forum support and specimen papers.
If you need to resit your exam or coursework, you will need to register and pay for a resit.
In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.
If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us.
Recognition of Prior Learning (RPL):
Recognition of Prior Learning (RPL) encompasses a student’s previous non-certificated and certificated achievements obtained through another awarding organisation. This has previously been known as an exemption.
Please read our Recognition of Prior Learning Policy as it explains the steps to take when applying. Your application will need to include certified copies of your qualification certificate or transcript.
We aim to provide an outcome within 10 working days. If we need longer, we will let you know.
Special consideration:
The Special Consideration Policy applies to students who believe they have been disadvantaged during, or before, an assessment because of an injury, illness or other unforeseen temporary circumstance beyond their control that may have adversely affected their performance in one or more assessments.
Please read our Special Consideration Policy as it explains the steps to take when applying. Your application will need to include supporting documentation.
Given the individual nature of special consideration claims, we would recommend that you contact our Student Support team on +44 (0)1227 818609 or support@libf.ac.uk for an informal discussion before you submit your application.
For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the exam date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.
We aim to provide an outcome within 5 – 10 working days. It may take longer if your application is referred to the Concessionary Board.
Reasonable adjustment:
We are committed to providing an inclusive educational experience for all students, regardless of any disabilities or learning difficulties they may have and realise that, without reasonable adjustment, students may be prevented from demonstrating their true level of ability during an assessment.
Given the individual nature of reasonable adjustments, we recommend that you contact our Student Support team on +44 (0)12 2781 8609 or support@libf.ac.uk for an informal discussion before you submit your request. This will allow us to fully understand the nature of your circumstances and advise you on the type of supporting evidence required.
The Reasonable Adjustments Policy explains the steps to take when applying and has an application form included. Your application must be received, with supporting documentation, at least six weeks prior to the date when the adjustment will need to be in place.
You have 14 calendar days from your course start date to cancel your registration and arrange a refund by calling our Student and Customer Services team.
After this period all fees are non-refundable and non-transferable.
Session based exams (set exam date as per study timetable) including Advanced Financial Advice (AFA):
Please telephone Student & Customer Services directly to discuss your options.
For all exams, if you are unable to provide the required notice due to significant mitigating circumstances, such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application.
Making a result enquiry:
If you believe there has been an error in the marking of your assessment, you can apply for a result enquiry.
The Assessment Result Enquiry Policy explains the steps to take when applying and has an application form included. Your application must be received within 10 working days after we have communicated your assessment results.
This policy does not apply to students who believe their performance during an assessment may have been affected by external factors, for example noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.
Appealing a decision:
You have the right to appeal to us to review decisions that have been made in the course of the assessment of your programme of learning. An appeal may only be submitted in relation to a final decision.
Please read our Appeals Policy as it explains the steps to take when applying, in particular section B 'making an appeal'. Your application must be received within 15 working days after we have communicated the outcome of a decision.
Making a complaint:
A complaint should be made if you are dissatisfied by one of our products or services as soon as possible, but no later than 10 working days from the date of the occurrence.
We deal with all complaints as promptly as possible and within clearly defined timescales. The stages for handling a complaint are listed in our CPQ Complaints Policy.
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If you have any questions about our professional qualifications in finance and banking, please contact our customer services team.
Our professional qualification customer services office is open:
Monday to Friday from 8.30am to 5.30pm UK time.