CISI Corporate Finance Regulation Past Papers: What Exists (2026)

Corporate Finance Regulation candidates usually arrive with a transaction already on their desk. They work in advisory, broking or private equity, or in the legal and accounting teams around them, the qualification is often a condition of the role, and the exam date is fixed before the revision starts. The search for past papers follows. CISI does not publish them for this unit and never has. It publishes the workbook, currently Edition 16, and one free specimen paper.

CISI's official sample paper for this exam: open the PDF on CISI's site, written for syllabus Version 21, the current one. Link checked on 12 October 2026. If it has moved, open the qualification page on CISI's site, click the unit name and choose CBT sample paper. Sit it once, timed, then use our free 50-question mock for a second full paper.

The paper you are preparing for

The 50 questions are split across five elements, and two of them dominate. Managing Regulatory Obligations is 16 and The Regulatory Environment in the UK is 14, so 30 of the 50 marks are conduct rules and company law. Equity Capital Markets takes 8, Takeovers and Mergers 7 and Corporate Governance 5. For the element-by-element detail, see the Corporate Finance Regulation exam guide.

What official material exists

Two things, plus the updates to them. The first is the CISI workbook for this unit, currently Edition 16, published in January 2026 for syllabus Version 21. The second is a free specimen paper, which shows how the questions and their four options are worded. CISI also publishes candidate updates against the workbook, and those updates are examinable, so read them. Sit the specimen paper once under the clock, late in your revision: once you have seen the answers you cannot sit it cold again.

Why old material is a poor shortcut

Few CISI papers date as fast as this one. The UK Listing Rules replaced the old listing regime in July 2024, sweeping away the premium and standard segments that older material is built around. A new prospectus regime has replaced the Prospectus Regulation Rules, and CISI's candidate update brings it into this exam. The UK Corporate Governance Code was reissued in 2024 and the Stewardship Code for 2026. A question written against an earlier edition can test a rule, a segment or a threshold that no longer exists, and nothing in the document will tell you that it has changed.

Unofficial PDFs add a second problem: answer keys nobody checked, and documents that are not this paper at all. Corporate Finance Technical Foundations, the other unit of the certificate, has a similar name and a different syllabus, and UK Financial Regulation covers some of the same law at a different depth. Material lifted from either will mislead you about what 50 questions in an hour on this syllabus actually ask.

The alternative: current, weighted mock papers

PasskeyPrep gives this paper nine full mock papers, each 50 questions in 60 minutes and weighted like the real one: 16 questions on managing regulatory obligations, 14 on the regulatory environment, down to 5 on corporate governance. Paper 1 is a warm-up drawn from the practice bank. Papers 2 to 9 come from a separate reserved pool that practice mode never serves, and they run from gentler to tougher, so the toughest can be kept for the final fortnight before your exam. Questions are written from scratch against syllabus Version 21, and every answer carries a full explanation. No mock score predicts a result. What a weighted mock shows is which elements still cost you marks with the clock running.

Every revision resource for this paper, in one list

• The CISI Corporate Finance Regulation workbook, Edition 16 (January 2026), for syllabus Version 21, with the candidate updates CISI has published against it.
• The official specimen paper, sat once under the clock.
• PasskeyPrep: 600 practice questions, nine weighted 50-question mock papers, 39 study-note sections, 192 flashcards and weak-spot tracking. £59 once for this paper, or £89 for every supported exam, for 90 days from purchase.
• Free Corporate Finance Regulation practice questions, and the question banks for every paper we cover.
• The Corporate Finance Regulation exam guide, element by element, including where the marks are lost, and the complete guide to passing CISI exams.

PasskeyPrep is an independent study tool and is not affiliated with, endorsed by, or accredited by the Chartered Institute for Securities & Investment. For the picture across every paper, see CISI past papers: what's actually available.

Sit a whole paper for free. The free 50-question Corporate Finance Regulation mock exam runs to the real time limit and the published element weighting, with a score, an element breakdown and an explanation for every answer. No sign-up.