CFAP-02 Corporate Laws and Governance
Current subject overview based on ICAP’s Autumn 2026 CFAP syllabus.
StageCFAP
Learning Hours155–180
Syllabus BasisAutumn 2026
This page summarizes the official syllabus structure, exam focus and study approach for Corporate Laws and Governance.
Official Syllabus Structure
| Area | Weightage | What It Covers |
|---|---|---|
| Secretarial Practices | 35–45% | Company law compliance, securities, listed companies, independent directors, meetings and resolutions. |
| Mediation, Arbitration, Mismanagement, Restructuring & Governance | 10–15% | Dispute mechanisms, oppression/mismanagement, restructuring and governance. |
| Specialized Corporate Laws | 10–15% | NBFCs, insurance companies and banking companies. |
| Other Relevant Laws | 30–40% | Competition, foreign exchange, AML/CFT, public-sector governance, trusts and ethics. |
Key Areas to Prepare
- Companies Act 2017
- Listed company requirements
- Corporate governance
- Securities laws
- NBFC / Insurance / Banking laws
- Competition law
- Foreign exchange
- AML & CFT
- Public-sector governance
- ICAP Code of Ethics
How to Study This Paper
Build provision-to-scenario links. For each law, know what triggers the requirement, who is responsible, the action required and the consequence of non-compliance.
Important: ICAP may update examinable laws, standards and study material. Always check the applicable official material for your attempt.