The CFA Society of the UK, supporting ASIP, CFA and IMC professionals.

 Sat 04 Jul 2009

UK Society of Investment Professionals - CFA Institute

IMC: FAQs

How will the IMC be affected by the Retail Distribution Review?

Click here.

How often does the IMC exam take place?

The IMC exam is held every working day in the UK, and at selected overseas test centres. Once you have registered and paid for your exam, you will be able to chose the venue, time and date of your exam.


How much is the examination fee?

You can take the exam as the 'Full IMC', or as 2 Units: Unit 1 UK Regulations and Markets, and Unit 2 Investment Practice.


 FEE
QUESTIONS
TIME
UNIT 1 - RM
 £130 68
 1 hr 25 mins
UNIT 2 - IP
 £145 99
 2 hrs 5 mins
FULL IMC
 £255 167
 3 hrs 30 mins

The examination fee is paid through a secure online payment screen. If you would prefer to pay by cheque, you can download a registration form.

The Society does not invoice for examination fees. VAT is not payable on exams.

Are any exemptions available?

To view the Society's policy on exemptions, please click here.

What ID do I need to bring to the test centre?

The only accepted forms of ID are:
If you cannot present the required ID, please contact Cindy Sharman immediately. Our alternative ID policy can be downloaded here:
ID Authorisation Policy

Do I need to bring a calculator to the exam?

No. The test centre staff will provide you with a Casio FX-83ES scientific calculator to use in the exam, along with an erasable whiteboard and pen for your workings. Any other belongings must be locked away in the secure locker area before entering the test room.

What does ‘On-Screen Test’ mean?

It means that you sit the whole test on a computer, using a mouse and keyboard to answer the questions on the screen, whilst the computer times the test. This system allows us to offer you a wide range of dates, times and places to sit the test. For security reasons, you can't use your own computer; you must use one of our computers at one of our test centres.

If there are a lot of different test-dates, isn't there a risk that some people will find out the questions in advance?

We have a large Question Bank from which examination are created. At any one time there are a number of examination papers in use, which are changed quarterly. Each time a paper is presented to a candidate, the order in which the questions appear is randomised. No candidate will be allowed to take the same paper twice.

Are practice questions available?

The Official Training Manual contains a mock exam for each Unit of the IMC. In addition, several of the IMC training providers have 'online question banks' available for candidates to use as practice questions. You can find a list of training providers here.

My login details don't work!

The login details given in your confirmation email should allow you to log in to the Pearson VUE website and chose the time, date and venue of your exam. If you are unable to log in, try clicking the 'I forgot my password' link on the login page. This will send a new password to your primary email address, and allow you to log in successfully. If this does not work, email Tom Durkin .

What if I miss my exam due to a flat tyre, flu, etc..?

You are able to reschedule your test appointment online at no extra charge up to mightnight of the day prior to your existing appointment. If you have missed your test for any reason, and you did not reschedule in time, you will have to register for another exam at your own expense. This also applies to candidates who arrive at the test centre late, and those who arrive with incorrect ID.

If you miss your test due to illness on the day, please refer to the Society's special considerations policy.

How do I get my exam results?

3 working days after your exam, you will be able to log in to our website and view your provisional result. You will need the original username and password in your confirmation email, sent to you upon registration. Your results will be confirmed upon receipt of a certificate or fail letter, which will be mailed within 21 days of the exam to the nominated address.

Can I become a member of the Society?

Once you have passed the Full IMC you can become an IMC member of the Society and use the designation. You do not need to become a member prior to taking the exam.

Any other questions?

Please email Tom Durkin , Education Assistant.