Introduction to the UK FCA Compliance

Register Now

24 Apr 2018 London

Early Bird Offer until 8 Apr £825 + VAT. Regular price: £895 + 20% VAT. Group discount: 10% for 3.

Course Description

To avoid costly intervention and scrutiny by the FCA, firms must portray confidence and understanding of what the regulator expects. 

This course is designed to give attendees the confidence and understanding by making sense of the regulators approach to Financial Service firms, how they believe companies should be run and what they look for. Often Financial Services firms miss the opportunities to recognise areas that cause FCA concerns, this course illustrates how to recognise and react to areas of concern before the regulator.  
 
Each element of the course is designed to set out how attendees can work to ensure their respective firms act with confidence and understanding of the FCA.  It explains the ways in which the regulators supervise firms, the powers available to them should they wish to take action against a firm and provides an outline of the principal areas of regulation in relation to the activities of a regulated firm. 
 
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What Will You Learn

 By the end of this course you will: 

  • Be able to understand the current financial services regulatory regime in the UK and its resoning
  • Know what's involved in the authorisation and approval process for new companies
  • Know the objectives of the FCA
  • Understand the shape of an effective regulatory handbook
  • Recognise the structure of effective regulator communications
  • Have basic knowledge of the supervisory and enforcement processes
  • Know the main sanctions the regulators can impose following enforcement action

Main Topics Covered During This Training

  • The regulatory structure
  • FCA authorisation process overview
  • Effective communication by the regulator to the financial services industry
  • FCA supervision activity
  • Communication with the FCA
  • Enforcement
  • Structure of the regulators handbook

Who Should Attend

  • Compliance Officers
  • COOs
  • CROs
  • Company Secretaries
  • Senior Management and anyone with responsbilites in compliance and repesenting company in relation with regulators. 
Register Now

24 Apr 2018 London

Early Bird Offer until 8 Apr £825 + VAT. Regular price: £895 + 20% VAT. Group discount: 10% for 3.

Introduction to the UK Financial Services Regulator -  FCA  - A 1 Day Course 

 

The Regulatory Structure

  • FCA statutory objectives and obligations 
  • Brief history of the regulatory environment
 
FCA authorisation process overview
 
  • Authorisation and Approval
  • Getting authorised
  • Firms that wish to change their activities
  • Firms leaving the market place
  • Changes of control within a firm
  • Senior management accountability and approval

Effective communication by the regulator to the financial services industry
 
  • Annual statement of intent and objectives
  • Speeches
  • Publications
  • Consultations
  • Policy statements
  • Notices 

 

Supervision

  • Levels of supervision in relation to risk
  • Practical overview of supervisory activity
 
Communication with the FCA
 
  • Periodic visits
  • Selection for a periodic review
  • Requests for information 
  • Dear CEO letters
  • Supervisory meetings and visits
  • Skilled persons review
 
Enforcement
 
  • When is enforcement applicable
  • Levels of enforcement undertaken
  • Practical examples of enforcement activity
 
Structure of the regulators handbook
 
  • Areas key to your business
  • Interpreting the handbook
  • Remaining current with the regulation
 
Summary and close

The Course Director is a highly experienced financial services regulatory management and training consultant, previously a compliance director - Head of Compliance Monitoring & Regulatory Reporting, with an impressive commercial track record across financial services operations in a range of economic cycles.

His professional experience includes the development and implementation of compliant processes and procedures that include areas such as: governance and oversight; effective systems and controls; client on-boarding and market conduct projects. His clients include firms such as: Dresdner Kleinwort Wasserstein, AXA Framlington, Deutsche Bank and currently Woodford Investment Management.

In addition to consulting engagements, he delivers regulatory training courses on the subjects of Financial Crime, Client Assets, Conduct Risk, Governance and Oversight, Senior Management Regime, Effective Compliance Monitoring. He has worked closely with the Financial Ombudsman Service and the Finance and Lease Association on complaint handling and management.

Introduction to the UK FCA Compliance <p>To avoid costly intervention and scrutiny by the FCA, firms must portray confidence and understanding of what the regulator expects.&nbsp;</p> <div>This course is designed to give attendees the confidence and understanding by making sense of the regulators approach to Financial Service firms, how they believe companies should be run and what they look for. Often Financial Services firms miss th ... 1524528000 London