The CISI Capital Markets Programme is achieved by passing a Regulatory Unit and a Technical Unit. The qualifications which form the Capital Markets Programme are recognised by Ofqual as the level 3 Certificate in Securities or level 3 Certificate in Derivatives.
This qualification is suitable for anyone advising, working, or aspiring to work, in the securities and/or derivatives industry. No previous qualifications are required.
If you’re studying in the UK, Ireland, Europe or North America, you need to pass the CISI's IntegrityMatters test before sitting the Capital Markets Programme exams. This is an online ethics test which requires you to make ethical decisions around dilemmas that you might encounter in the workplace.
This qualification examines the UK financial regulations in detail, then offers you the choice of expanding your knowledge about Securities or Derivatives.
You must take this Regulatory Unit. Then choose one Technical Unit.
UK Financial Regulation
This subject examines the regulations and legislation underpinning financial markets in relation to investment business in the UK.
You’ll examine the features and characteristics of a range of securities products and the market places where they’re traded.
Explore commodities and physical delivery in addition to forwards, futures, swaps, and other derivatives traded in the UK, and their links to underlying cash securities.
2. Study methods
We will help you maximise your time and make revision easier.
Study at your own pace from wherever you like. Our Distance Learning study option offers maximum flexibility for independent study and comes with MyKaplan study materials helping you to study on the go.
£372 - £504.00
(£310 - £420.00
We also offer in-house training allowing bespoke exam courses designed specifically for your staff. Please contact us on 020 7920 3060 to find out more about how we can help train your teams.
3. Exams and sittings
The regulatory unit is completed successfully by passing a one hour 30 minute multiple-choice question exam while technical units can be up to two hour multiple-choice exams.
The exams are based on published syllabi, which are reviewed annually to reflect changes in the industry and the regulatory environment.
All exams are delivered by computer based testing (CBT) on demand and can be sat globally. You'll need to register with the CISI directly for exam
Exam results are available after you have taken your exam and can be seen online within 24 hours.
How long does it take to pass?
The CISI recommends a minimum of 80-100 hours of study for the regulatory unit and 100 hours for each of the technical units.
Are there any exemptions available?
You may be eligible for an exemption from one or more of the exams depending on your prior qualifications. Please see the CISI website for further details.
4. Study materials and delivery costs
Our Distance Learning study option includes both online and printed study materials. Materials include the following:
Full Study Guide
Emailed to you on booking, and also available on MyKaplan, the study guide pulls the hard copy and online study materials together into a recommended study approach.
CISI Official Learning & Reference Manual
Written by the CISI, these manuals cover all the syllabus and only the syllabus, and are the official reference document for real exam questions. They satisfy the compulsory purchase requirement of the CISI, so you'll be able to exclude the workbook
fee when booking your exam.
Question & Answer Book
Contains printed chapter questions and mock exams to test yourself and check your progress.
Access to MyKaplan
Our online learning portal with everything you need to prepare for your exam.
If you order your materials through Kaplan, you'll be able to exclude the workbook fee when booking exams with the CISI.
How much it costs to deliver your study materials and how long it takes depends on where in the world you live.
UK and NI - £12.50 per unit up to a maximum of £25.00 (including VAT)
EU - £20.00 per unit up to a maximum of £40.00 (including VAT)
Rest of World - £30.00 per unit up to a maximum of £60.00 (excluding VAT)
Materials are delivered to the address you provide us, within the following timescales:
UK – 3 to 5 working days
EU – 5 to 7 working days
Rest of World - 5 to 14 working days
5. MyKaplan: online learning portal
MyKaplan is an online learning portal with practical resources to help you prepare for your exams.
Study Guide - a helpful guide that outlines the order of topics you should study, including which questions to practice, and which videos to watch.
Exam Syllabus - a complete breakdown of what you’ll be studying.
Tutor Recordings - watch and replay classes whenever you like.
Classroom Slide Pack - your central reference point for note taking. It integrates the CISI Institute material to aid the note taking process, which provides you with more time to practice questions.
Workbook - helps you keep all your notes in one place to improve revision.
Chapter Questions - see how much you’ve learnt at the end of every chapter.
Mock Exams - test your knowledge with mock exams, mirroring the real exams.
You can access your online content for 12 months from your enrolment date.
computerMinimum system requirements for MyKaplan
6. Tutor support
We’ll support you every step of the way throughout your studies with us. You can contact a tutor and get the help you need within 48 working hours.
7. Course pricing and funding options
Units are all priced individually, so you can purchase them altogether or separately as you need them.
|Unit||Price (excl. VAT)||Price (incl. VAT)|
|UK Financial Regulation||£310||£372|
Your employer may fund the costs of your studies if you’re already working in a related field and want to develop your learning. You’ll need to speak to them to see if you’re eligible and confirm that they’re happy to pay for your
Our CISI Capital Markets materials are covered with our interest-free payment plan, providing the total cost is £500 minimum (including VAT). The plan lets you spread the cost of your studies over a period of time, with no extra costs.
How to enrol
Enrol online or call us on 020 7920 3060.