Practice paper · FRE2 · LIBF

CeMAP FRE2 · Paper B

Full-length FRE2 practice paper (40 marks): 25 standalone MCQs plus three case studies of five linked questions each. Covers advice skills (communication through insistent clients), regulatory principles and fair outcomes (including complaints, FOS, TCF/conduct risk, vulnerability and advice standards), the advice framework (responsibilities, limitations, monitoring and due diligence), ethical behaviour (theories, codes, applied ethics, whistleblowing and CPD), and case themes on AML/data protection/FSCS/Consumer Duty, adviser charging/fiduciary/cancellation/disclosure, and MAR/culture/business ethics. Timed at 60 minutes with a 70% pass mark.

Questions

40

Sections

5

Pass mark

70%

Time

60 minutes

Independent practice. Not an official LIBF exam. This sitting is part of a paid pack. Every qualification has a free paper you can sit without buying. 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.