CISI Securities Past Papers: What Exists and the Best Mock Exams (2026)

Searching for CISI Securities past papers ends the same way for everyone: there are none on the open web. CISI does not release previously sat Securities papers. The 100 questions you will face are drawn from a live, rotating bank, and the institute guards it carefully.

That does not mean you are short of practice. This page covers what official material actually exists for the Securities exam, why the unofficial PDFs circulating online are a liability for this paper in particular, and how to get the past-papers experience with material that is current.

The paper you are preparing for

A hundred questions in two hours works out at 72 seconds each, across asset classes, primary and secondary markets, corporate actions, clearing and settlement, accounting analysis and investment management. The element-by-element weightings, and how to revise to them, are covered in our guide to passing the Securities exam.

What CISI actually gives you

One official sample paper. CISI publishes a single specimen paper for the Securities exam, written to the live standard. Sit it once, properly timed, late in your revision, because you only get one clean read of it.

The workbook. The official Securities workbook has end-of-chapter questions and a practice paper at the back. Do them, but recognise they are a fixed set: once you have seen them, re-sitting them measures your memory of the answers, not your knowledge of the syllabus.

Revision Express and the CBT demo. Revision Express is CISI's paid online revision add-on, and the free Prometric demo shows you how the on-screen test behaves. The demo is worth five minutes; nobody should lose marks to unfamiliar software.

One more official hurdle worth knowing early: before you can sit any Capital Markets Programme exam in the UK you must pass IntegrityMatters, CISI's short online integrity test. Book it before it becomes a last-minute surprise.

Why old Securities PDFs cost you marks

Scribd, Docsity and the forums host plenty of documents titled something like "CISI Securities mock consolidated". The problem is not that practising is wrong. It is that this syllabus moves. Settlement cycles have been shortening across major markets, tax figures and regulatory detail shift, and the workbook itself is revised regularly. A paper written against an old edition will confidently teach you answers that are now wrong, and on a paper built on close distractors, a confidently wrong answer is worse than a gap. You also have no idea who wrote the PDF, whether the keys are right, or which edition it was written against.

The alternative: current, weighted mock papers

What "past papers" really means is renewable, exam-standard practice in the real format. Passkey gives the Securities exam four full mock papers, each 100 questions in two hours, weighted element by element exactly like the real paper, with no overlap between papers. Every question is written from scratch against the current syllabus and current UK regulation, and every answer comes with a full explanation. Between mocks, you can drill any syllabus element on its own, and the weak-spot tracker shows where your marks are leaking.

Your mock scores become a forecast rather than a hope. And the forecast is backed: average 80% or higher across your last three Passkey mocks, sit the real exam within 30 days, and if you do not pass, we refund you in full.

Every Securities revision resource, in one list

• The official CISI Securities workbook, current edition, from the CISI shop. The single source of truth for the syllabus.
• The official sample paper, sat once, timed, late in your revision.
• CISI Revision Express (paid) and the free Prometric CBT demo.
• Passkey: the full question bank, four weighted 100-question mocks, explanations and weak-spot tracking. One payment of £59 covers all nine exams we support, with access until your exam date, capped at three months.
• Free Securities practice questions and the free diagnostic.
• Our guide to passing the Securities exam and the Capital Markets Programme overview.

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