Practice paper · FRE2 · LIBF

CeMAP FRE2 · Paper A

Full-length FRE2 practice paper (40 marks): 25 standalone MCQs plus three case studies of five linked questions each. Covers advice skills (communication through recommendations), regulatory principles and fair outcomes (including Consumer Duty, MAR, AML, data protection, complaints, FOS and FSCS), the advice framework (client types, charging, cancellation, vulnerability and advice standards), and ethical behaviour (codes, applied ethics, whistleblowing and CPD). Timed at 60 minutes with a 70% pass mark.

Free sample

Questions

40

Sections

5

Pass mark

70%

Time

60 minutes

Independent practice. Not an official LIBF exam. Progress stays in this browser tab unless you sign in. Flag a question to jump back to it before you submit. Questions are grouped by topic. Answering one scrolls you to the next in the section.