The IOC is completed by successfully passing any three units from the following categories:
Unit selection depends on individual circumstances but generally candidates are either:
- Working for a firm which is regulated by the FCA. These candidates are advised to take the following units:
- Introduction to Securities & Investment
- UK Financial Regulation
- a technical unit relevant to the role
- Working for firms, particularly those based internationally, which are not authorised and regulated by the FCA. These candidates may, if their firm agrees, select any three units.
Ofqual This Certificate is regulated by Ofqual as a level 3 qualification. On the European Qualifications Framework, this equates to a level 4 qualification.
Candidates with appropriate examinations may apply for exemption from one unit, either: UK Financial Regulation
or Introduction to Securities and Investment
Exemption from the technical exam (stage 3) is not permitted.
Candidates seeking exemption must offer a qualification which was obtained after 1 December 2001.
The following are accepted for exemption from UK Financial Regulation.
|Chartered Insurance Institute (CII)
Financial Planning Certificate (FPC) – Unit 1 (FPC1)
Certificate in Financial Planning (CF) – Unit 1 (CF1)
Diploma in Regulated Financial Planning – Unit 1 (RO1)
|IFS School of Finance
- Certificate for Financial Advisers (CeFA) – Module 1 (CeFA1)
- Certificate in Mortgage Advice and Practice (CeMAP) – Unit 1 (CeMAP1)
- Investment Management Certificate (IMC) – either level 3 or level 4 (full IMC or Paper 1)
Exemption from Introduction to Securities and Investment - all the units above are accepted as are the following:
There are a number of other qualifications that are acceptable and appear in the FCA tables for operations roles. If you are in doubt, please contact email@example.com A very limited number of qualifications enable a candidate to gain exemption from two IOC units, relating solely to Pensions and Life Policy Administration. To Apply Download the IOC exemption form. Exemption from the IOC exams costs £50.
- MSc/MA awards with financial content (eg MSc Finance, MSc Investment Management) will be considered.
|Glasgow Caledonian University
| Study Options Self-study using the CISI's learning manuals and elearning for:
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. Find an Accredited Training Provider (ATP) near you Sample papers and exam questions 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
After 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 IOC qualification entitles candidates to join the Institute at Associate 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.
IOC+ (Extended Certificate in Investment Operations)
Complete a fourth IOC unit and you can achieve a further qualification, the IOC+. This is an alternative study option for professionals who may wish to demonstrate knowledge of a new technical discipline, but who may not want to embark on a qualification requiring a longer study commitment.
Higher Level Qualifications
To further theoretical and practical knowledge upon completion of the IOC, higher level qualifications to take include:
* Diploma in Operational Risk