The aim of the examination is to ensure candidates have an understanding of the regulations and legislation that underpin the financial markets and the conduct of investment business.

On completion of the unit, candidates will:

• be familiar with the regulatory environment in which the UK securities industry operates;
• know the relevance of the Financial Services and Markets Act 2000 and associated legislation and regulations;
• understand FSA’s Conduct of Business Rules and know the complaints and redress procedures. 

 source : CISI website