FRE1: Industry, Regulation and Key Parties
FRE11 unit free forever
FEMA Practice · Practice
Pass Your CeMAP & Financial Services Exams
Practice questions covering FCA regulation, mortgage adviser modules, and professional ethics. Prepare for CeMAP and financial services qualifications with confidence.
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- Up to date with the November 2025 CeMAP syllabus changes
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Examiner-reviewed questions
Up to date with the November 2025 CeMAP syllabus changes
No card to start · Cancel any time
5 modules
Why this works
Three reasons learners actually pass.
The platform is built around retrieval practice: what the published research finds works, and what works in front of the examiner.
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Regulatory Focus
Deep coverage of FCA regulation and compliance requirements.
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Comprehensive Content
Questions spanning mortgages, ethics, and industry fundamentals.
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Exam Ready
Build the knowledge and confidence to pass your qualification first time.
How it works
From landing here to passing the paper.
You're answering real questions before you finish reading this page. No content gating and no pre-assessment funnel.
01
Sign Up and Start Free
Create your account and begin practising FRE1 questions at no cost. Get familiar with the platform and start building your knowledge of financial regulation immediately.
02
Work Through Each Unit
Practise questions organised by unit and topic across all five CeMAP exam units. Detailed explanations accompany every answer to deepen your understanding of mortgage advice and regulation.
03
Review and Improve
Use your personalised dashboard to track mastery across every topic. Identify gaps in your knowledge, revisit challenging areas, and measure your improvement as you prepare for exam day.
The evidence
Active recall is the literature.
Decades of cognitive-science research find that retrieval practice (answering questions you might get wrong) produces more durable learning than re-reading or highlighting. We built a question bank disciplined enough to use it.
Recall accuracy after 7 days
Roediger & Karpicke, 2006 (n=120, simplified)
Higher is better. Tested condition reflects retrieval practice, the mechanism behind this product.
Syllabus coverage
Every module. Every unit.
Mapped to the published syllabus, weighted to match recent examiner reports, reviewed each session.
Up to date with the November 2025 CeMAP syllabus changes
FRE2: Skills, Principles and Ethical Behaviours
FRE2Premium only
MRT1: Mortgage Law, Practice and Application
MRT1Premium only
MRT2: Mortgage Products and Post-Completion
MRT2Premium only
ASEW: Assessment of Mortgage Advice Knowledge
ASEWPremium only
FAQ
The questions serious applicants actually ask.
What qualifications does FEMA Practice cover?
FEMA Practice currently covers the CeMAP (Certificate in Mortgage Advice and Practice) qualification, which is the UK's most widely recognised mortgage adviser qualification awarded by LIBF. All questions are aligned to the new modular format effective from November 2025.
How are the CeMAP practice questions organised?
Questions are organised by the five exam units: FRE1 (Industry, Regulation and Key Parties), FRE2 (Skills, Principles and Ethical Behaviours), MRT1 (Mortgage Law, Practice and Application), MRT2 (Mortgage Products and Post-Completion), and ASEW (Assessment of Mortgage Advice Knowledge). Within each unit, questions are further grouped by topic.
Is there a free tier?
Yes, all FRE1 practice questions are completely free with no credit card required. FRE1 covers the structure of UK financial markets, the role of the FCA and PRA, and key financial products and institutions. To access all five units, a subscription costs just £9.99 per month.
Do the questions include explanations?
Every question on FEMA Practice includes a detailed explanation covering why the correct answer is right and why the other options are wrong. Understanding the underlying concepts is essential for passing the CeMAP exam.
How do I know when I am ready for the exam?
Your progress dashboard shows mastery percentages for every topic within each unit. When you are consistently scoring above 70% across all topics in a unit, you are in a strong position to pass that exam. We recommend practising under timed conditions before booking your exam.
Ready
Start with today's question.
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