Student rules and regulations - fund administration

Level 5 Certificate in Fund Administration


‘CGIUKI’ or ‘we’ means the United Kingdom, Republic of Ireland and Associated Territories division of UK & Ireland.

‘Student’ or ‘you’ means the person registered or applying to be registered as a CGIUKI student.

‘Course’ means the course of study and assessment for which the student seeks registration including all support and services provided by CGIUKI in order for the student to complete the appropriate study.

‘Application’ means the application for registration submitted by the student in accordance with the student rules and regulations.

‘Agreement’ means this contract between CGIUKI and the student and comes into effect on the date that an application is received and accepted by CGIUKI as suitable for registration and notice of such acceptance has been issued to the student.

1            Membership rights and code of conduct

1.1         When you register as an CGIUKI student and receive confirmation from CGIUKI that you have been registered, you can describe yourself as a ‘CGIUKI student’. You cannot describe yourself as a member of CGIUKI or as a Chartered Secretary or Chartered Governance Professional.

1.2         As an CGIUKI student, you agree to behave in accordance with the CGIUKI Code of Professional Ethics and Conduct. If you fail to do so, it could lead to disciplinary action and could affect your ability to continue studying or, on completion of the examinations, to be accepted as an CGIUKI member.

2            Registration as a new student on the Level 5 Certificate in Fund Administration

2.1         You may register with CGIUKI as a student at any time.

2.2         You must use the Level 5 Certificate in Fund Administration online registration process at the CGIUKI website,

2.3         When you submit your application you also need to pay the full fee. 

2.4         You will not be registered as a student until payment of the fee has been received in full.

3            Re-registration as a Level 5 Certificate in Fund Administration student

3.1         If you were registered as an Level 5 Certificate in Fund Administration student in the past but let your student status lapse, you will have to pay the full course fee to re-register.

3.2          Any students who have previously been removed from the register, for reasons such as repeated examination failure or breach of the Code of Professional Ethics and Conduct, will not be able to re-register as an CGIUKI student.

4            Fee payment

4.1         All fees are payable to CGIUKI in sterling. Other currencies will not be accepted.

4.2         You need to pay the correct fees at the same time as you register for the course or enter to re-sit an exam.

4.3         Your application will not be processed until CGIUKI receives full payment and any outstanding payments are settled.

4.4         CGIUKI reserves the right either to withdraw a student’s examination entry or to withhold their examination results until any outstanding fees are settled in full.

5            Refunds

5.1         If you decide that you would like fees refunded, CGIUKI must receive your request within 30 days of the payment being processed. You will be asked for a reason and such refunds are solely at CGIUKI’s discretion.

5.2         A fee of £50 will be deducted from all refunds to cover the administrative costs incurred by CGIUKI.

5.3         Applications for refunds must be made in writing. Fees will only be refunded in sterling.

6            Entering the exam

6.1         The Level 5 Certificate in Fund Administration is assessed by means of the Level 5 Fund Administration examination. You can only enter for this exam if you are registered as a student of CGIUKI.

6.2         When you enter for an exam you need to make sure that you have enough time to study and prepare to take it. We do not recommend that you start your studies after the closing date for exam entry.

6.3         You need to enter for an exam before the closing date for entry. The closing dates for entry are published on the CGIUKI website. 

6.4         Your first application to enter for the Level 5 Fund Administration exam must be made when you register for the qualification online at the CGIUKI website. If you need to take the exam again, you would need to complete an exam re-sit form.

6.5         Your examination entry will not be processed or confirmed until CGIUKI receives the full qualification payment. If you only register your application online without payment, you will not be entered for the exam. 

6.6        If you do not indicate the exam session you are entering for when you complete your online application, you will be entered for the next available exam session by default. 

6.7        After your exam entry has been confirmed, if you want to change it or defer to another session, you must do this before the closing date for exam entry. 

6.8         If you want to change or defer your exam entry you will need to pay an administration fee for each request before CGIUKI can process this. 

6.9         After the closing date for entry for the examination, you will not be able to change your entry unless there are very exceptional circumstances.

6.10        After you enter to sit an exam, you cannot transfer your exam fee to another module or qualification or to another student.

6.11         In the event that you receive a fail result, you have up to three attempts to re-sit the exam. You will need to apply to re-sit using the relevant form at the next exam session. 

6.12         We need to apply these rules for exam entry to all CGIUKI students, but we will consider exceptions in individual cases if there is sufficient supporting evidence. 

7            Admission to the exam

7.1         Exam admission slips will be published around five weeks before the date of the exam. The admission slip will include the details of your exam centre.

7.2         You will need to log in to MyCGIUKI to download your exam admission slip.

7.3         You should check your exam admission slip carefully and contact CGIUKI immediately if you think the information there is not correct.

7.4         If you are unable to download or print your admission slip, you must contact CGIUKI.

7.5         You must read and comply with the CGIUKI instructions to candidates, available under the MyCGIUKI section of the CGIUKI website.

8            Postponing an exam

8.1         If you are unable to sit an exam for reasons such as ill health or a close personal bereavement immediately before the examination, you can apply to postpone your entry until the next session.

8.2         Postponements are granted at CGIUKI’s discretion and an application for postponement must be supported by medical certificate(s) and/or other relevant documentation. CGIUKI cannot consider a postponement without the supporting documentation.

8.3         Postponements due to work commitments are not permitted under any circumstances.

8.4         If you are applying for postponement you must contact CGIUKI as soon as possible. The latest you can contact us is four weeks after the exam.

8.5         If CGIUKI allows you to postpone an exam, you will need to take it at the next exam session.

8.6         You will need to pay a postponement fee for each module you postpone.

9            Absence from an exam

9.1         If you are absent from an exam without the permission of CGIUKI, this will be counted as a ‘Fail’ result.

9.2         If you are absent from an exam for a good reason, you can contact CGIUKI to explain why.
At CGIUKI’s discretion, your result may be changed from ‘Fail’ to ‘Withdrawn’.

10            Exam results

10.1         Exam results are published in the MyCGIUKI area of the CGIUKI website and are sent by email.

10.2         You are not able to appeal your exam result or request re-marking on the grounds that you do not agree with the mark awarded.

10.3         If you believe any circumstance may have affected your performance in the examination, you may request for this to be considered before results are released. You must inform CGIUKI in accordance with the instructions outlined in the CGIUKI instructions for candidates.

10          Certificates

10.1       Your certificate will be issued when you have passed all the exams required for your IFA qualification.

10.2       If you subsequently decide to upgrade your qualification by taking more IFA exams, you may contact us to arrange this but after you complete the new qualification we will ask you to return your existing certificate before we issue any new one.

11          Completion of the Level 5 Certificate in Fund Administration

11.1       You are allowed four attempts to pass the Level 5 Fund Administration exam.

11.2       You need to pass the exam within two years of your initial registration on the Level 5 Certificate in Fund Administration.

11.3       Your certificate will be issued when you have passed the Level 5 Fund Administration exam, following the release of your result.

11.4       Your certificate will be sent by post to the address you have provided on registration. You will need to let CGIUKI know if you want the certificate sent to a different address. 

11.5       Completion of the Level 5 Certificate in Fund Administration does not allow you to progress to the Level 5 International Finance and Administration programme automatically. If you wish to progress to this programme, you will need to apply and be given an entry point.

11.6       Your entry point could be at Level 4 of the International Finance and Administration programme.

12          Removal from the register

CGIUKI reserves the right to remove students from the register without refund of fees in the event of the following circumstances:

12.1       Failing the Level 5 Fund Administration exam four times. An ‘Absent’ result will count as a fail. 

12.2       Not attending the Level 5 Fund Administration exam for a period of two years.

12.3       Not passing the Level 5 Fund Administration exam within the required time limit of two years. 

12.4       A student has held themselves out to be a Chartered Secretary, Chartered Governance Professional or a full chartered member of CGIUKI.

12.5       It has been determined that a student has breached CGIUKI’s Code of Professional Ethics
and Conduct.

13.6       Non-compliance with CGIUKI’s student rules and regulations, including these rules, the instructions for candidates to be observed during the exam and the instructions of
exam invigilators.

13.7       Non-payment of student fees.

13          Student agreement

As an CGIUKI student you agree:

13.1       To abide by these student rules and regulations as stipulated from time to time.

13.2       To undertake the appropriate course of study under your own responsibility as to how, when and where such study shall take place.

13.3       To observe any deadline dates set by CGIUKI for examination entry, exam deferral and postponement, request of script reports and other matters related to your course.

13.4       To inform CGIUKI of any breaks or delays in your study programme which prevent you from taking any exams over two consecutive exam sessions.

13.5       To keep any information provided by CGIUKI and any correspondence with CGIUKI confidential.

13.6       To be responsible for any consequences arising out of the publication, loss or disclosure by you of your online registration information such as MyCGIUKI username and password.

13.7       To remain responsible for all fees and charges and to pay all such fees and charges as stipulated by CGIUKI for the course.

13.8       Not to infringe, and to take all reasonable steps to protect, the copyright or other intellectual property rights of CGIUKI.

14          CGIUKI agreement

As the examining and awarding body, we agree:

14.1       To make available at regular intervals a programme of examinations/assessment necessary to complete each module and to allow the student entry to the first available date chosen by the student and notified to CGIUKI in accordance with the student regulations.

14.2       To treat our students with courtesy and respect.

14.3       To treat our students fairly and consistently.

14.4       To deliver a quality service to our students.

15          Termination of student status

CGIUKI reserves the right to terminate the student’s registration at any time and without notice in the event that the student breaches any of his or her obligations under this agreement or takes any action which, in the opinion of CGIUKI, might be construed as bringing CGIUKI into disrepute or for any other reason which, in the opinion of CGIUKI, justifies such action.

16          Force majeure

CGIUKI shall not be liable for non-performance of any of its obligations under the agreement due to circumstances beyond its reasonable control.

17          Severability

If at any time any part or parts of this agreement are held to be unenforceable, illegal or otherwise not valid, either wholly or in part, the remaining parts of this agreement shall continue to be binding and in effect.

18          Governing law

The agreement and all rights and obligations of the parties hereto shall be governed and construed in accordance with the laws of England and, unless otherwise agreed, the parties hereby submit themselves to the exclusive jurisdiction of the English courts.

19          Statutory rights

Nothing in these rules and regulations shall operate to affect the statutory rights of either party.

ESG Summit: 2 May 2024 Download this year's course catalogue

Search CGI