What the two units cover
The syllabus covers corporate finance law, regulation and techniques, and how corporate finance deals are put together to meet clients’ needs. CISI says it suits people in corporate finance and related areas such as venture capital.
CISI’s factsheet gives each unit as a one-hour exam of 50 multiple-choice questions, and the Version 21 Technical Foundations sample paper matches that, scoring 35 to 50 as a pass. Both units move to new syllabus versions in April 2027.
Is the CISI corporate finance certificate approved by the FCA?
Yes. The Financial Conduct Authority’s (FCA’s) appropriate qualification table lists the Certificate in Corporate Finance, for passes after 31 March 2024, for activity 8: giving personal recommendations on investments in the course of corporate finance business. Its key is 1, which means it meets the qualification requirement on its own.
Certificate in Corporate Finance fees
| Item | Fee |
|---|---|
| Exam fee, Corporate Finance Regulation | £245 |
| Exam fee, Corporate Finance Technical Foundations | £245 |
| CISI workbook, each unit | £105 |
| One unit’s exam, workbook and Revision Express together | £365 |
The ICAEW/CISI Diploma in Corporate Finance
The next step is the Diploma in Corporate Finance, a joint programme with ICAEW that Ofqual lists at Level 6 with 537 hours of total qualification time. The FCA’s table lists it for activity 8 as well. Its written exam, Corporate Finance Strategy and Advice, is open book, so you may bring printed texts and notes. To start it you need the Certificate in Corporate Finance, the ACA or another accountancy qualification CISI recognises. CISI’s UK exam fees for its four units are:
| Item | Fee |
|---|---|
| Level 3 Financial Reporting and Financial Statements Analysis | £113 |
| Level 4 Sources of Finance, Capital Investments and Valuations | £152 |
| Level 6 Mergers and Acquisitions and Market Regulations | £170 |
| Level 6 Corporate Finance Strategy and Advice | £437 |
Sources: CISI · FCA Handbook · Ofqual and 5 more. Checked October 2026.
- CISI: Certificate in Corporate Finance ↗
- CISI: Certificate in Corporate Finance factsheet (February 2020) ↗
- CISI: Corporate Finance Technical Foundations sample paper, Version 21 ↗
- CISI: Diploma in Corporate Finance ↗
- CISI: Examination Regulations (Version 16, April 2025) ↗
- CISI: Price list 2026-2027 ↗
- FCA Handbook: TC App 4.1, appropriate qualification tables ↗
- Ofqual: Find a regulated qualification (register data download) ↗
Rules and fees can change, so check the official site before your test.
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