11/9/25, 7:27 PM CII R01 - Chapter 8 Exam (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Flashcards | Quizlet
CII R01 - Chapter 8 Exam (updated 2025) Questions & Answers
| Latest Already Graded A+ UPDATE 2025|2026
For packaged retail and insurance-based investment
products (PRIIPs), the FCA rules require a key
When is a KID required vs a
KFD? information document (KID). For non-PRIIP packaged
products, it's a key features document (KFD). Collective
investment scheme investments currently
have a key investor information document (KIID).
1. the consumer principle
What are the 3 steps that
2. overarching cross-cutting rules
consumer duty proposes
3. four outcomes
similar to FCA rule 6 - a firm must act to deliver good outcomes
What's principle 12 of for retail clients
consumer duty?
overrules existing duties laid out in principles 6 and 7
Firms must:
- act in good faith towards retail customers;
What's the cross-cutting rules
- avoid causing foreseeable harm to retail customers; and
- enable and support retail customers to pursue their financial
objectives.
- products and services
What are the four outcomes of - price and value
consumer duty? - customer understanding
- customer support
defined as 'a personal recommendation to a retail client
in relation to products which is not independent
advice'.
What are restricted financial
advisors? Can be single or multi-tied advisors or restricted
whole of market advisors basic and simplified
advice also falls into this category
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, 11/9/25, 7:27 PM CII R01 - Chapter 8 Exam (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Flashcards | Quizlet
- certain FCA-mandated products might be excluded, e.g. some
unregulated
collective investment schemes (UCIS) and traded life policy
investments (TLPIs);
What are the independence - certain multi-manager investment fund recommendations may be
requirements of IFAs inadequate;
- firms using product panels must also allow the use of off-panel
recommendations;
- using a single platform may be insufficient;
- model portfolios/centralised investment propositions
must still cater for clients' individual circumstances;
and
- firms do not need to be able to offer pension
transfer and/or long-term care insurance advice.
A life office owned by a bank whose products are sold
What is bancassurance? by the bank is often called a bancassurer.
Bancassurance may also be used to describe the
situation where a bank is a tied adviser of a life office
even if it does not own it.
What 3 products are included A short-term deposit-based stakeholder product, a
in the stakeholder product medium-term collective or life stakeholder product;
range? and a long-term stakeholder pension scheme.
'Real time' financial promotions are those done in the
What's the difference
course of a personal visit, face- to-face conversation,
between real time and
telephone conversation or other interactive dialogue.
non-real time
'Non-
promotions
real time' financial promotions are all others, such as static
advertisements.
This must not be done unless the recipient has an
established customer relationship with the firm, or the
Is cold calling allowed?
promotion relates to a generally marketable packaged
product which is not a higher volatility fund (or a life
policy linked to one). Must give the client the
opportunity to end the call early on.
WHat are the 3 types of retail, professional & eligible counterparty
clients for investment
business
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CII R01 - Chapter 8 Exam (updated 2025) Questions & Answers
| Latest Already Graded A+ UPDATE 2025|2026
For packaged retail and insurance-based investment
products (PRIIPs), the FCA rules require a key
When is a KID required vs a
KFD? information document (KID). For non-PRIIP packaged
products, it's a key features document (KFD). Collective
investment scheme investments currently
have a key investor information document (KIID).
1. the consumer principle
What are the 3 steps that
2. overarching cross-cutting rules
consumer duty proposes
3. four outcomes
similar to FCA rule 6 - a firm must act to deliver good outcomes
What's principle 12 of for retail clients
consumer duty?
overrules existing duties laid out in principles 6 and 7
Firms must:
- act in good faith towards retail customers;
What's the cross-cutting rules
- avoid causing foreseeable harm to retail customers; and
- enable and support retail customers to pursue their financial
objectives.
- products and services
What are the four outcomes of - price and value
consumer duty? - customer understanding
- customer support
defined as 'a personal recommendation to a retail client
in relation to products which is not independent
advice'.
What are restricted financial
advisors? Can be single or multi-tied advisors or restricted
whole of market advisors basic and simplified
advice also falls into this category
https://quizlet.com/1086159368/cii-r01-chapter-8-exam-updated-2025-questions-answers-latest-already-graded-a-update-20252026-flash-cards/?funn… 1/7
, 11/9/25, 7:27 PM CII R01 - Chapter 8 Exam (updated 2025) Questions & Answers | Latest Already Graded A+ UPDATE 2025|2026 Flashcards | Quizlet
- certain FCA-mandated products might be excluded, e.g. some
unregulated
collective investment schemes (UCIS) and traded life policy
investments (TLPIs);
What are the independence - certain multi-manager investment fund recommendations may be
requirements of IFAs inadequate;
- firms using product panels must also allow the use of off-panel
recommendations;
- using a single platform may be insufficient;
- model portfolios/centralised investment propositions
must still cater for clients' individual circumstances;
and
- firms do not need to be able to offer pension
transfer and/or long-term care insurance advice.
A life office owned by a bank whose products are sold
What is bancassurance? by the bank is often called a bancassurer.
Bancassurance may also be used to describe the
situation where a bank is a tied adviser of a life office
even if it does not own it.
What 3 products are included A short-term deposit-based stakeholder product, a
in the stakeholder product medium-term collective or life stakeholder product;
range? and a long-term stakeholder pension scheme.
'Real time' financial promotions are those done in the
What's the difference
course of a personal visit, face- to-face conversation,
between real time and
telephone conversation or other interactive dialogue.
non-real time
'Non-
promotions
real time' financial promotions are all others, such as static
advertisements.
This must not be done unless the recipient has an
established customer relationship with the firm, or the
Is cold calling allowed?
promotion relates to a generally marketable packaged
product which is not a higher volatility fund (or a life
policy linked to one). Must give the client the
opportunity to end the call early on.
WHat are the 3 types of retail, professional & eligible counterparty
clients for investment
business
https://quizlet.com/1086159368/cii-r01-chapter-8-exam-updated-2025-questions-answers-latest-already-graded-a-update-20252026-flash-cards/?funn… 2/7
