Free QFA Regulation Practice Test 2026
200 original questions for the QFA regulation exam and Ireland's Minimum Competency Code: the Central Bank, Fitness and Probity, the Consumer Protection Code 2025, complaints, anti-money laundering, ethics and core products. Four 50-question mock tests. Tuned for mobile. No account needed.
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The QFA Regulation exam at a glance
The Qualified Financial Adviser (QFA) designation is a professional qualification recognised by the Central Bank of Ireland under its Minimum Competency Code, which sets the minimum knowledge anyone must have to advise consumers on, or arrange, retail financial products in Ireland. The LIA's QFA programme has six modules: Regulation, Life Assurance, Investment, Loans, Pensions and a Financial Advice capstone. The LIA says most modules, Regulation included, are a 2-hour online multiple-choice exam of 100 questions, held with remote invigilation in January, May and September; the capstone is 2.5 hours and three case study questions. The pass mark is not published on the LIA's exam pages.
Tigertest has 200 QFA Regulation practice questions with explanations, all free with no account required.
- Questions
- 100 multiple choice (QFA Regulation, LIA)
- Time
- 2 hours
- Pass mark
- Not published; 70% is Tigertest's target
- Format
- Online, remotely invigilated
- Sittings
- January, May and September
- Modules
- Regulation, Life Assurance, Investment, Loans, Pensions, Financial Advice
- Standard set by
- Central Bank of Ireland, Minimum Competency Code 2017
Updated by the Tigertest team. Practice questions follow LIA QFA programme and exam pages, and the Central Bank's consolidated Minimum Competency Code (June 2026) and Consumer Protection Code 2025, checked November 2026; pass mark not published. Exam rules change, so confirm current details with LIA: QFA, Certificate in Professional Financial Advice.
How It Works
Train One Area at a Time
Five training sets: regulators and competence, the Consumer Protection Code and contract law, complaints, data and anti-money laundering, ethics, and core products. Questions you miss come back until you have mastered them.
Mixed Mock Tests
Four mock tests of 50 questions that mix every topic, half the length of the real 100-question exam. No question appears in more than one test, and every answer is explained with the rule behind it.
Built on the Minimum Competency Code
The topics follow the regulation and best practice competencies the Central Bank sets for every recognised qualification, with a share for core product concepts. The exam providers publish no topic weights, so the split below is Tigertest's.
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Share FeedbackHow to Pass the QFA Regulation Exam
1. Learn the 2025 Code, not the 2012 one
The Consumer Protection Code 2025 took effect on 24 March 2026. It adds securing customers' interests to the Standards for Business and new chapters on vulnerability, digitalisation and unregulated activities. Older notes may still describe the 2012 Code.
2. Make a table of the time limits
Complaints: acknowledge in 5 working days, update every 20, aim to resolve in 40, decide within 5 of finishing. Errors: fixed within 6 months. Records: 6 years. CPD: 15 hours a year with one hour of ethics. New entrants: four years at most. Questions on numbers are the easiest marks to bank.
3. Know who does what
The Central Bank authorises, supervises and sanctions; the FSPO decides individual complaints; the CCPC informs consumers; the Pensions Authority oversees occupational schemes; the Data Protection Commission enforces the GDPR; suspicious transactions go to FIU Ireland and the Revenue Commissioners.
4. Read ethics questions as the regulator would
The right answer secures the customer's interests: know the customer before recommending, disclose conflicts and commission, never put pay ahead of suitability, and correct mistakes openly. Aim for 80% or better on every mock test before you book.
QFA Regulation Exam Frequently Asked Questions
What is the QFA regulation exam?
The Qualified Financial Adviser (QFA) designation is a professional qualification recognised by the Central Bank of Ireland under its Minimum Competency Code, which sets the minimum standards for anyone who advises consumers on, or arranges, retail financial products in Ireland. The LIA's QFA programme has six modules: Regulation, Life Assurance, Investment, Loans, Pensions and the Financial Advice capstone. The Regulation module covers the regulatory framework, consumer protection, contracts, complaints handling, ethics and whistleblowing.
How many questions are on the QFA Regulation exam and how long is it?
The LIA says most QFA modules, Regulation included, are a 2-hour online multiple-choice exam of 100 questions, held with remote invigilation, with sittings in January, May and September. The Financial Advice capstone is different: a 2.5-hour exam of three case study questions. The LIA's pages do not state a pass mark, so the 70% pass line here is Tigertest's readiness target, not an official figure.
Which rules does this practice test cover?
Irish rules as they stand in November 2026: the Minimum Competency Code 2017 as consolidated in June 2026, Fitness and Probity and the Individual Accountability Framework, the Consumer Protection Code 2025 that took effect on 24 March 2026, the Consumer Insurance Contracts Act 2019, the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 as amended, the GDPR, and the Financial Services and Pensions Ombudsman. A fifth of each test covers core product concepts: life cover and protection, general and health insurance, pensions, savings, investments and credit.
How are these mock tests different from the real exam?
Each mock test has 50 questions, half the length of the real 100-question exam, so you can finish one in about an hour at the real pace. The topic weights are Tigertest's, because the exam providers do not publish them. Five training sets let you practise one area at a time, and questions you miss come back until you have mastered them.
Are these the real QFA exam questions?
No. Every question is original, written by Tigertest from the Central Bank's Minimum Competency Code, the Consumer Protection Code 2025 and the other laws listed above. It is free practice, not affiliated with the LIA, the IOB, the Insurance Institute, the QFA Board or the Central Bank of Ireland, and it does not replace your course materials or an approved programme.
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