R01 Exam Prep: Practice & Mock

R01 practice exam questions for the CII R01 unit, Financial services, regulation and ethics (2026/27 syllabus, exams from 1 September 2026 to 31 August 2027). Practise in short sets, read why every option is right or wrong, and sit a timed R01 mock exam when you are ready.

WHAT IS INSIDE
• 1,024 original R01 practice exam questions, written for this app — not real or recalled exam questions
• 884 single-answer questions and 140 multiple-response questions, the two question types of the R01 exam
• A reason for every option, a plain-English explanation and the official source each question is based on, with the date basis of the rule
• A flashcard and a short study note for every question, for revision away from the question sets
• Practise by learning outcome, LO1 to LO11, in short sets of about ten

FREE TO START
• 200 of the 1,024 questions are free, across the learning outcomes, with full explanations, no account and no sign-up
• One fixed 100-question mock exam built to the R01 syllabus mix: 87 single-answer and 13 multiple-response questions, 2 hours on the clock
• Review mistakes and saved questions within the free questions
The full question bank is a one-time unlock in the app (no subscription).

R01 MOCK EXAM
• A 100-question mock in 2 hours, the same length as the exam described on the CII R01 unit page
• The timer keeps running if you leave the app; your answers, flags and position are saved, and you resume where you stopped
• Flag questions and review before you submit; then see your score, every answer explained and mistakes to retry
• Multiple-response questions score only when you choose every correct option and no wrong one
• A practice score is not an official result or a prediction of passing

R01 REVISION THAT STICKS
• Short sets keep each session focused: answer, submit, read the explanation, next
• Wrong answers go to Review mistakes, so the R01 revision you do next targets what you missed
• Save any question to return to later
• A syllabus checklist shows covered and weak topics

R01 EXAM TIPS FROM THE PRACTICE
• Pace: a 100-question mock in 120 minutes allows about 72 seconds a question
• Read multiple-response questions carefully: the question says more than one answer is correct but not how many
• Learn the reason behind each wrong option, not only the right answer — the explanations show the rule that decides it

WHAT THE QUESTIONS COVER
Questions span the 11 R01 learning outcomes, from the UK financial services industry (LO1) to ethics versus compliance (LO11), weighted like the syllabus, for example 291 on regulators' responsibilities and approach (LO5) and 137 on the advice framework (LO7).
Criterion 10.2 (ethical dilemmas) is only partly covered: escalating and reporting concerns are included; identifying dilemmas and the steps for managing them are not. For those, read the CII's Code of Ethics and its practical guide.

WHERE THE CONTENT COMES FROM
Every question was written from public official sources and independently reviewed: the FCA Handbook (obtained through the FCA Handbook API), UK legislation on legislation.gov.uk, GOV.UK and ICO guidance, and UK Parliament publications (the Parliamentary Commission on Banking Standards report and a House of Commons Library briefing). Contains public sector information licensed under the Open Government Licence v3.0. Contains Parliamentary information licensed under the Open Parliament Licence v3.0.

CII R01 EXAM PREP FOR
Candidates sitting R01, or anyone revising UK financial services regulation and ethics.

INDEPENDENT STUDY APP
R01 Exam Prep is an independent study app. It is not affiliated with, approved or endorsed by the Chartered Insurance Institute (CII) or the Personal Finance Society. "CII" and "R01" are used only to describe the exam this app helps you practise for. Questions are original practice material, not real exam questions, and using the app does not guarantee a pass.