To help members understand how the FCA (Financial Conduct Authority)’s new Consumer Duty rules apply to their business, the BVRLA is hosting a series of four ‘deep dive’ webinars looking at all aspects of the new Duty.
Each focussing on a separate element of the new Duty, the sessions will include a presentation of the key changes, obligations, and next steps for members, followed by an extended Q&A to give real-world context.
In the first webinar ‘The New Consumer Duty Principle’, key topics covered will include:
- What is the new Consumer Duty Principal?
- What are the implications for the existing FCA principals?
- What changes for Senior Managers and staff are there to the FCA Code of Conduct?
- A review of each of the cross-cutting rules and what they mean for firms
- What monitoring is expected from firms?
- How management information plays a key role in getting Consumer Duty right
- Practical Takeaways for implementation plan. Principle 12, SM&CR, the cross-cutting rules and then monitoring.
All sessions in the series are exclusively for BVRLA members and are completely free-to-attend. The sessions are aimed at leasing brokers, specifically individuals responsible for business operations and company direction, as well as any other members who may be impacted by the Consumer Duty or need to understand what it entails. The association recommends the same person from each company attends every session for continuity. Where that isn’t possible, a colleague can attend on their behalf.
Register for the deep dive series online, with the first session taking place on Monday 19 September. Links to access each of the subsequent three sessions will be provided to delegates in due course.
The BVRLA’s compliance team remains on hand to support members and can be reached at [email protected], while a suite of resources is available exclusively to members on the BVRLA website.
