The award is achieved by passing any three of the following narrative units: Bond & Fixed Interest Markets
* Financial Derivatives
* Fund Management
* Global Operations Management Regulation & Compliance Private Client Investment Advice & Management
Candidates may choose any three units relating to their primary activities or interests (unless they hold a qualification which entitles them to an exemption, in which case they select two units).
*The Bond & Fixed Interest Markets, Fund Management and Financial Derivatives units will form part of a new Capital Markets Diploma from June 2015 onwards.
Changes to the CISI Diploma
Each unit of the current Level 6 CISI Diploma is now associated with a higher-level pathway, as follows.
Diploma in Capital Markets
Bonds & Fixed Interest Markets; Fund Management; Financial Derivatives
Diploma in Investment Compliance
|| Regulation & Compliance
Diploma in Investment Operations
Global Operations Management
|Chartered Wealth Manager Qualification
Private Client Investment Advice & Management (with gap-fill gives exemption from Financial Markets)
This use of the Diploma units coherently reflects the organisation of the market for the CISI’s qualifications, and this structure replaces the current three-unit CISI Diploma.
Each individual Diploma unit will continue to be offered in June and December, and candidates who wish to take one Diploma unit, or a combination of Diploma units without completing the rest of the pathway associated with that unit, may continue to do so and will be awarded a unit certificate for each Diploma unit passed.
Candidates for PCIAM should note that this Diploma unit remains a qualification in its own right and will continue to do so. It will remain an appropriate RDR qualification (with gap fill) and will also remain appropriate, with gap fill, for exemption from the Financial Markets unit of the Chartered Wealth Manager Qualification. There are entry requirements for PCIAM.
The overall award of the CISI Diploma in its current form will be made for the last time following the December 2016 examination sitting, allowing four sittings from the date of this notification (October 2014) for candidates currently studying for the Diploma to complete it under the current rules.
To see when the next sitting of the Narrative exams are please see the Narrative exam timetable.
There are currently no exemptions from the CISI Diploma, although there are special arrangements with some of the CISI's Centres of Excellence
where specified qualifications offered by those Universities are recognised as equivalent to the CISI Diploma.
Study Options CISI learning manuals are available for:
Visit the CISI bookshop
Please note: The CISI's mandatory learning manual policy
requires, where available, the most up to date CISI learning manual to be purchased when booking an exam, including by an ATP on your behalf. This applies to all candidates sitting CISI exams in the UK (includes Northern Ireland, Guernsey, Jersey and Isle of Man)
. Candidates sitting CISI exams outside of the UK will receive the most up-to-date workbook in PDF format for that subject and is included in the international exam price. Accredited Training Providers
The CISI accredits a wide range of training providers to deliver formal training for our exams and you can register directly with the provider of your choice. Courses and learning manuals are available for:
Find an Accredited Training Provider (ATP) near you Sample Papers
- Bond & Fixed Interest Markets
- Financial Derivatives
- Fund Management
A range of sample exam questions and/or examiner reports are available for:
Register and Book Register with the CISI
New candidates intending to take CISI qualifications need to first register
with the CISI. Upon registering, you will receive a candidate number, password and access to the CISI's online systems. Book your exams
Candidates can book:
Register for your qualification
Prior to booking your exams you need to register for your qualification
. Please be sure you have read and understood the exam regulations and policies
The latest prices for exams are listed on the online price list
Post-Qualification Opportunities Membership
Obtaining the CISI Diploma entitles candidates to join the Institute at MCSI Membership level
. As a Member of the Institute, you will enjoy the recognition of being a professional in a world of increasing competition. The extensive continuing professional development (CPD) opportunities available through the CISI’s suite of membership benefits
ensures financial services practitioners can maintain competence and meet the requirements of firms and the regulator. Higher Level Qualifications