CII
Level 3
QN: 600/9430/8
Curriculum Active
CII Level 3 Certificate in Investment Operations
Official qualification regulated by Ofqual, awarded by CII. Classified as a Vocationally-Related Qualification.
Qualification Level
Level 3
Awarding Body
CII
Syllabus Units
5 Units
Guided Hours
Flexible
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
Collective investment scheme administration
Verified
Key Learning Objectives:
- Understand the function of collective investment schemes (CIS) and the construction and establishment of their funds.
- Understand the investment and borrowing options of collective investment schemes.
- Know the regulatory frame
- work applicable to collective investment schemes and the key requirements relating to promotion and product disclosure.
- Understand the roles and responsibilities of the auditor, authorised fund manager, depository, trustee and custodian.
- Know registration, dealing and settlement, contract notes/dematerialisation and transfers and the key types and features of reconciliation.
- Know the roles, responsibilities and regulatory requirements relating to custody of assets.
- Know the main types of corporate action.
- Know the requirements for reports, accounts, performance measurements and meetings.
- Understand valuation and pricing.
- Understand the tax considerations in the fund and of investors.
- Understand how income is distributed.
- Understand fund promotion and distribution, including remuneration/costs.
- Understand investor rights and protections.
2
Financial services, regulation and ethics
Verified
Key Learning Objectives:
- Understand the UK financial services industry in its European and global context.
- Understand how the retail consumer is served by the financial services industry.
- Understand legal concepts and considerations relevant to financial advice.
- Understand the regulation of financial services.
- Understand the financial regulators' responsibilities and approach to regulation.
- Apply the principles and rules as set out in the regulatory frame
- Apply the regulatory advice frame
- work in practice for the consumer.
- Understand the range of skills required when advising clients.
- Understand the financial regulators' use of principles and outcomes based regulation to promote ethical and fair outcomes.
- Apply the Code of Ethics and professional standards to business behaviours of individuals.
- Critically evaluate the outcomes that distinguish between ethical and compliance driven behaviours.
3
Individual savings account administration
Verified
Key Learning Objectives:
- Know the main features and uses of Individual Savings Accounts (ISAs).
- Understand ISA investors and applications.
- Know the regulation and authorisation of ISAs.
- Know ISA investment rules and restrictions.
- Understand the tax treatment of income and tax claims.
- Understand ISA holder rights.
- Know the charges and expenses of ISAs.
- Understand ISA withdrawals, closure, the death of an investor, transfers.
- Know ISA returns of information and HMRC inspections.
- Understand the different features and administrative requirements of junior ISAs and Child Trust Funds.
4
Investment client servicing
Verified
Key Learning Objectives:
- Know the key requirements in setting up investment clients.
- Understand the definition of client money and the rules applicable to client money accounts.
- Know the regulatory requirements for custody of client assets.
- Understand how the relevant conduct of business and client asset rules are applied in practice.
- Know the range of investment products and services available to customers.
- Know the tax considerations relevant to investment administration.
- Understand the processes involved in the settlement of UK quoted securities and collective investment schemes.
- Understand how corporate actions are applied to client assets/securities.
- Understand fraud prevention and anti money laundering rules.
- Know the key features of investing in international markets.
- Know the issues and procedures relevant to the closing of customer accounts.
5
UK financial services, regulation and ethics
Verified
Key Learning Objectives:
- Understand the purpose and structure of the UK financial services industry.
- Understand the main financial asset classes and their characteristics, covering past performance, risk and return.
- Understand the main financial services product types and their functions.
- Understand the purpose of the main areas of financial advice.
- Understand the process of giving financial advice, including the importance of regular reviews of the consumer’s circumstances
- Understand the legal concepts relevant in financial advice.
- Understand the UK taxation and social security systems and how they affect personal financial circumstances
- Understand the impact of inflation, interest rate volatility and other relevant socio-economic factors on personal financial plans.
- Understand the main aims and activities of the financial services regulatory regime and its approach to ethical conduct by firms and individuals.
- Understand the FCA’s approach to regulating firms and individuals
- Understand the effect of the FCA’s rules on the control structures of firms and their relationship with the FCA.
- Understand how the FCA’s Conduct of Business rules apply to the process of advising clients
- Understand how the Anti-Money Laundering rules apply to dealings with private and intermediate clients
- Understand the rules for dealing with complaints and compensation
- Understand how the Access to Medical Reports Act 1988 and the Data Protection Act 1998 affects the provision of financial advice and the conduct of firms generally.
- Understand the relevance of other non-tax laws and regulations to firms and to the process of advising clients.
Regulatory & Verification Details
- Qualification Number (QN)
- 600/9430/8
- Regulated Status
- Available to learners
- Awarding Body
- CII
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- Jun 2013