The IBF Study Guides are updated at appropriate intervals to reflect changes and developments in the financial industry. Candidates should ensure that they have the latest version of the relevant study guide before sitting for the examination.

Updates / Changes to Study Guides

Module Date Version Description
​M4A
​Jun 2022
​5.5
​Updates
​CACS Paper 2
​Mar 2022
​2.3
​Updates
​M4A
​Feb 2022
​5.4
​Updates
​M1A
​Feb 2022
​4.8
​Updates
​CACS Paper 2
​Sep 2021
​2.3
​Updates
​CACS Paper 1
​June 2021
​2.3
​Updates
​CACS Paper 1
​May 2021
​2.2
​Updates
​M1A
​Apr 2021
​4.7
​Updates
​M2A
​Mar 2021
​3.9
​Updates
​M1A
Nov 2020
​4.6
​Updates
​M3
​Oct 2020
​4.2
​Updates
​M4A
​Sep 2020
​5.3
​Updates
​M10
​Sep 2020
​2.4
​Updates
​M2A
​Aug 2020
​3.8
​Updates
​​