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What does the IMC Syllabus cover?
The IMC is made up of two units, Unit 1: UK Regulation & Markets and Unit 2: Investment Practice, covering the following nine topic areas:
Some candidates may be eligible to apply for exemption against a Unit of the IMC. To read the Society's exemptions policy, click here.
IMPORTANT: Syllabus updates - click here.
Due to the fast-moving nature of the industry, it is necessary to update the IMC syllabus regularly. It is important that candidates carefully consider when they plan to sit the examination, as the syllabus tested depends on the date the exam is sat:|
Examinations up
to 30 Nov 2007 -
Version 5
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1 Dec 2007
- 30 Nov 2008 -
Version 6
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download
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1 Dec 2008
- 30 Nov 2009 -
Version 7
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download
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Find out more about the 1 December 2008 syllabus change.
Most parts of the syllabus have been lightly updated or remain unchanged in Version 7. However, there
are significant changes in several parts of the syllabus. There are 10
additional scored questions and the examination is proportionately a little
longer. (Click here for a summary and download the Version 7 syllabus for
details).
A new Topic 5:
Client
Objectives has been added to Unit 1 of the IMC, and covers investor
objectives, attitude to risk and the responsibilities of giving client advice.
There is fuller coverage of property investment and more detail on commodities
and derivatives in Topics 2, 3 and 6. The Accounting Topic 7 has been updated to
focus on International Financial Reporting Standards (IFRS).
It is important that candidates regularly check this page for updates to the syllabus.
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