Core modules study support


This module provides an introduction to the international business environment and principles of trust and company law. It covers a range of topics, including the processes involved in offshore banking and how international finance centres are regulated and supervised. It also explores how valid trusts are created, principles of trust and company administration and steps to take to effectively prevent financial crime.

Study text

Download the study text here.

Exam material

In the table below you will find:

  • Exam paper - this is the paper that was set at the exam session
  • Mark scheme - this is the document markers used to assess students' answers
  • Examiner's report - this is the examiner's comment on the examination performance
  • Student answers - for some sessions we can show examples of answers students wrote in the examination
  • Pass rates - These pass rates refer to exams from the United Kingdom, Republic of Ireland and Associated Territories (all territories administered by the Chartered Governance Institute’s office in London).
IFA Core modules exam material
Exam sessionExam paperMark schemeExaminer's
Student answers
June 2023 View View View
November 2022 View View View
June 2022 View View View
November 2021 View View View Exam paper 1 (pass)
Exam paper 2 (distinction)
June 2021 View View View
November 2020 View View View Answer paper 1
November 2019       View View View
June 2019 View View View
November 2018 View View View
June 2018 View View View
November 2017 View View View

Student response to question 28

Student response to question 29

June 2017 View View View  
November 2016 View View View
June 2016 View View View
November 2015 View View View
June 2015 View View View  
Sample paper  View
n/a Sample response to Core modules

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