Part I: Regulation

1 The Regulatory Environment in the UK
1.1 The regulatory infrastructure
1.2 The roles of the FCA and PRA
1.3 Company law
1.4 Money Laundering, Counter Terrorism and Bribery
1.5 Insider dealing
1.6 The Financial Services Act 2012 Part 7
1.7 Market abuse
1.8 The Markets in Financial Instruments Directive (MiFID II)

2 The FCA Conduct of Business Sourcebook
2.1 The application and general provisions of the FCA’s Conduct of Business
Sourcebook to corporate finance business
2.2 Rules applying to all firms conducting designated investment business
2.3 The financial promotion rules
2.4 Client categorisation
2.5 Conflicts of interest (SYSC 10, PRIN 2.1)
2.6 Personal account dealing (COBS 11.7)
2.7 Advising and dealing (COBS 9 & COBS 11)

3 Corporate Governance and Business Ethics
3.1 The UK Corporate Governance Code
3.2 The QCA Corporate Governance Code
3.3 The UK Stewardship Code
3.4 Environmental, Social, Governance (ESG)
3.5 The Chartered Institute for Securities & Investment’s Code of Conduct

4 Takeovers and Mergers
4.1 Relevant bodies
4.2 The Takeover Code

5 Prospectuses
5.1 The Prospectus Regulation Rules

6 Equity Capital Markets
6.1 Regulation of UK equity capital markets
6.2 The rules specific to the Alternative Investment Market (AIM)

The course syllabus includes for guidance, references from the UK Financial Services and
Markets Act 2000, the Financial Services Act 2012, the Criminal Justice Act 1993, the
Companies Act 2006, the Takeover Code and the FCA Handbook to assist candidates
in locating source material. The Financial Conduct Authority (FCA) and the Prudential
Regulation Authority (PRA) were formerly known as the Financial Services Authority
(FSA) and from 01 April 2013 the FSA was spilt into these two bodies. An explanation
of the FCA Sourcebook Reference Codes follows:

• APER Statements of Principle and Code of Practice for Approved Persons
• COBS Conduct of Business Sourcebook
• COCON Code of Conduct
• CR SMCR Conduct Rules
• DEPP Decision Procedure and Penalties Manual
• DTR Disclosure Rules and Transparency Rules
• EG Enforcement Guide
• FIT Fit and Proper Test for Approved Persons/Certified Persons
• MiFID Markets in Financial Instruments Directive
• LR Listing Rules
• UK MAR UK Market Abuse Regulation
• PERG Perimeter Guidance Manual
• PRIN Principles for Businesses
• PRR Prospectus Regulation Rules
• SUP Supervision
• SYSC Senior Management Arrangements, Systems and Controls

The Market Abuse Regulation (EU) No 596/2014 of the European Parliament and of the
Council of the European Union (EU MAR) came into force on 3 July 2016. This governs
many aspects of market abuse directly by reference to the regulation rather than by
reference to the FCA Handbook.

Part II: Technical Foundations

1 Quantitative Methods for Corporate Finance
1.1 Financial mathematics
1.2 Discounted cash flows

2 Financial Statements Analysis
2.1 Basic principles
2.2 Statement of financial position/balance sheet
2.3 Statement of Comprehensive Income
2.4 Statement of Cash flows
2.5 Financial statements analysis

3 Capital Structure
3.1 Components of capital structure
3.2 Equity capital
3.3 Debt capital
3.4 The cost of capital

4 Introduction to Business Valuations
4.1 Equity value and enterprise value
4.2 Stock market, transaction and break-up values
4.3 Asset-based valuations
4.4 Dividend-based valuations
4.5 Earnings-based valuations
4.6 Cash-based valuations

5 Corporate Transactions
5.1 Acquisitions and disposals
5.2 Private equity and debt-financed transactions
5.3 Quoted equity transactions

6 Corporate Finance Documentation
6.1 For General purposes
6.2 Buying and selling
6.3 Loan and security
6.4 Public companies

END

Part I: Corporate Finance Regulation

The course and the mock exam will test candidates’ knowledge and understanding of the following topical areas:

• The Regulatory Environment in the UK
• The FCA Conduct of Business Sourcebook
• Corporate Governance and Business Ethics
• Takeovers and Mergers
• Prospectuses
• Equity Capital Markets

Part II: Corporate Finance Technical Foundations

The course and mock exam will test candidates’ knowledge and understanding of the following
topical areas:

• Quantitative Methods for Corporate Finance
• Financial Statements Analysis
• Capital Structure
• Introduction to Business Valuations
• Corporate Transactions
• Corporate Finance Documentation

All delegates will be required to purchase the (2) CISI workbooks (Corporate Finance Regulation and Corporate Finance Technical Foundations)  and are strongly encouraged to pre-read prior to the course start date. For purchase information please visit cisi.org or contact us at cisi@riskrewardlimited.com for technical support as needed.

Those who complete the training course will receive an attendance Certificate in Corporate Finance issued by the Approved Training Provider (ATP). The mock exam will be remotely invigilated and includes a results report with 1 resit included in the price. We strongly recommend that if the CISI candidate is preparing for the CISI exam that the exam date is booked within 1-2 weeks following the training course to optimise knowledge retention.

All delegates enjoy unlimited reasonable access to the trainer for Q&A, and clarifications following the course and before the exam at no additional fee.

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)