CISI Investment Operations Certificate

CISI Asset Servicing (UK)

Official CISI Accredited Training Partner

Exam preparation for the CISI Asset Servicing technical unit, with eight chapter summaries, worked calculations, flashcards and five timed practice exams.

250 Practice Questions Detailed Study Notes Realistic Mock Exams

Course syllabus information reviewed for 2026.

Exactly what is included

250 practice questions across 5 mock exams · unlimited retakes
Focus Learn · key areas, pitfalls, exam traps & key numbers
Flashcards · fun, fast and effective recall
Reference sheet with 18 worked calculations
AI Analyzer & Mentor · pinpoints your weak areas
Study Mode Exams · learn while you train
AI Chat trained specifically for this exam
Study material organised by syllabus

Build the operational knowledge required for the CISI Asset Servicing examination, from the lifecycle of a corporate action through mandatory and voluntary events, tax, participants, legal duties, risks and controls. Every one of the 50 official question allocations is represented in the eight-chapter syllabus map.

Key Benefits

Corporate-actions lifecycle

Follow events from announcement and entitlement through elections, settlement and reconciliation.

✓ Mandatory events
✓ Voluntary events
✓ Operational deadlines

Weighted syllabus plan

Prioritise all eight chapters according to their official share of the 50-question exam.

✓ Chapter question counts
✓ 60-minute assessment
✓ Targeted revision

Controls and risk context

Connect servicing processes with governance, taxation, legal duties and operational controls.

✓ Market participants
✓ Legal and compliance
✓ Risks and controls

Syllabus

Module 1: Life Cycle of an Event 14% syllabus weight

End-to-end corporate-action processing from announcement through entitlement, instruction, settlement and reconciliation.

• Event capture
• Key dates and entitlements
• Instructions and settlement

Module 2: Mandatory Events 20% syllabus weight

Processing events that occur without a holder election.

• Cash and stock dividends
• Interest and redemption
• Reorganisations

Module 3: Voluntary Events 16% syllabus weight

Events requiring investor decisions, elections and deadline management.

• Rights and offers
• Tender events
• Election processing

Module 4: Corporate Governance 10% syllabus weight

Shareholder rights, meetings, voting and issuer governance.

• Meetings and resolutions
• Proxy voting
• Shareholder communications

Module 5: Tax 10% syllabus weight

Tax consequences, withholding and relief relevant to asset-servicing events.

• Withholding tax
• Relief at source
• Tax documentation

Module 6: Participants 8% syllabus weight

Roles of issuers, agents, custodians, depositories and other infrastructure providers.

• Issuers and agents
• Custodians and CSDs
• Information vendors

Module 7: Legal and Compliance 16% syllabus weight

Legal ownership, documentation, disclosure, sanctions and regulatory obligations.

• Legal title
• Disclosure rules
• Compliance obligations

Module 8: Risks and Controls 6% syllabus weight

Operational risks, reconciliations, controls, claims and incident management.

• Operational risk
• Reconciliations
• Control frameworks

Student Reviews

4.7

★★★★★

Based on871reviews

5 stars

83%

4 stars

17%

3 stars

2 stars

1 stars

First-party learner feedback

Submitted directly to CISI Academy. These testimonials are not presented as independently verified by Trustpilot, Google, or another third-party platform.

Recent Reviews

Feedback shared by learners across CISI Academy courses.

Daniel C.

· Feb 28, 2025

★

CISI Academy learner feedback

Better than expensive seminars

I learned more on this platform than in an expensive live workshop. The practice exams are the best part.

Response from CISI Academy

Thank you Daniel! Glad to hear the study materials helped you succeed.

Mia L.

· Aug 2, 2026

★

CISI Academy learner feedback

Solid practice questions

Solid question bank that covers all the tricky parts of the syllabus. Better than just reading the textbook on my own.

David R.

· Aug 2, 2026

★

CISI Academy learner feedback

Highly recommend

I tried reading the official book but it was too dense. These questions are challenging and the detailed feedback for every answer makes learning so much faster.

Reem F.

· Jul 15, 2025

★

CISI Academy learner feedback

Easy to understand

Saudi AML regulations are usually dry, but this course explains them in plain language. The official textbook is too dense, so this was a lifesaver.

Victoria N.

· Jan 18, 2026

★

CISI Academy learner feedback

Fun and interactive lessons

I was worried I wouldn't pass because the textbook was so dry, but this course is interactive and fun. Take the mock exams until you score 85%!

Hassan Z.

· Jul 31, 2026

★

CISI Academy learner feedback

Passed with confidence

Helped a lot to clear my doubts and gain more confidence before the actual exam day. The progress tracker kept me accountable.

Frequently Asked Questions

The assessment contains 50 multiple-choice questions and lasts 60 minutes.

All eight Asset Servicing chapters: the event lifecycle, mandatory and voluntary events, governance, tax, participants, legal and compliance, and risks and controls.

The eight chapters contribute 7, 10, 8, 5, 5, 4, 8 and 3 questions respectively, totalling 50.

Yes. The course includes eight chapter summaries, 126 references with 18 worked calculations, 121 flashcards and five timed 50-question practice exams. The five mocks include 250 practice questions.

Yes! Test your knowledge and review detailed explanations with the free CISI Asset Servicing Mock Exam Preview below. It contains 15 exam-style questions from one named syllabus topic; the full course provides complete mock exams and syllabus coverage.

Interactive preview

Free CISI Asset Servicing Practice Questions & Exam Preview

Try 15 CISI Asset Servicing practice questions from Mandatory Events

Practice CISI Asset Servicing exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.

Exam Preview

Mandatory Events

Question 1 of 15

Which pairing describes common dividend frequencies rather than an issuer-specific guarantee?

1 / 15

Flashcards

Card 1 of 10Number Recall

Question

Which MT number carries a corporate-action notification?

Tap to reveal answer

Focus Learn

Key Examinable Areas10

1.1.1: Event classifications
1.1.2: Event life cycle
1.2.1: Corporate-action messages
1.2.1: ISO standards
1.2.1: Disclosure messages
1.2.1: Meeting messages
1.2.2: Data scrubbing and the golden copy
1.2.2: Distributed ledgers and tokenisation
1.3.1: Entitlement dates
1.3.1: Special trading terms

Common Pitfalls to Avoid3

Exam Traps4

Key Numbers7

Chapter 1: Life Cycle of an Event

Corporate-action processing connects an issuer announcement to the correct client outcome. The core task is to preserve the event terms, economic entitlement and investor choice through every intermediary. A control at one stage cannot substitute for a missing control earlier in the chain.

Event classifications

A mandatory event proceeds without an individual holder election, such as a share split. A voluntary event requires a decision to participate, such as exercising a warrant. A mandatory event with options proceeds but permits a choice of outcome, such as cash or scrip dividend; the announced default applies if no valid election arrives. Taking no action is itself an investment decision, not proof that there is no entitlement.

Event life cycle

Start with the market announcem…

Unlock all Focus Learn

Open every chapter’s key areas, pitfalls, exam traps and key numbers.

Adaptive study tools

Focus weak topics, learn with feedback, then switch to exam conditions.

Practice modes

Learn first. Then prove you’re ready.

Learn with feedback, then switch to exam conditions.

Study Mode

Instant feedback & explanations

See the answer and explanation after each choice.

Exam Mode

Realistic exam simulation

Use the timer, keep answers hidden, then review your result.

Who Is This For?

✓ Asset-servicing and corporate-actions professionals

✓ Custody, operations and post-trade staff

✓ Candidates selecting Asset Servicing as an IOC technical unit

★★★★★ 4.7 (871 CISI Academy reviews)