Managers and Compliance Package

The Managers and Compliance Package has been developed to help managers better understand the regulatory framework in which they are working. It is presented as a set of 12 modules containing a Client Assets Sourcebook (CASS) module for those who conduct business falling under the application of CASS. It also incorporates a set of three Senior Managers and Certification Regime modules, specific to your business type, to help you to prepare for the change from the Approved Persons Regime.

Suitable for:

Managers who want an introduction or refresher on the UK Financial Regulations, the conduct of business standards and SM&CR, as well as an overview of thematic topics such as conduct risk and treating customers fairly.

Learning objectives:

These modules will ensure that your employees are aware of their compliance responsibilities. The knowledge gained will help mitigate the risk of compliance breaches and remove legal liability from the organisation in the event of wrongdoing.

Content:

12 modules delivering a total of 9 to 10 hours of learning. These modules are not specifically tailored to the vehicle leasing industry.

Cost:

£59.95 + VAT per learner for an annual subscription. Includes an on-line assessment and a Certificate of Completion for each module.

Modules

Approved Persons

Learn what it takes to be an Approved Person under the FCA's regulatory regime, understand what their role is and the Principles that they are expected to adhere to.

CASS: Client Money and Client Assets

Understand the Financial Conduct Authority's (FCA) rules for the administration of client assets and client money, including the requirements to segregate and safeguard these assets. Focus on the two chapters: CASS 6 (Custody rules) and CASS 7 (Client Money Rules).

Conduct Risk

Recognise what conduct risk is and learn how to manage the risk in your business. Understand your role in ensuring proper conduct. Maintaining a reputation for integrity, fairness and exceptional client service can be your biggest asset.

Fraud Prevention for Managers

Identify the types of fraud that your company may be exposed to, understand how to prevent internal and external fraud and know when and how to report suspected fraud.

Information Barriers

Examine the difference between public and private-side information. Learn what Information Barriers are, the different kinds of Information Barriers and what laws and regulations they help us to comply with.

Introduction to UK Financial Regulation

Learn how the UK's financial services industry is regulated, how these regulations impact everything we do, and that compliance with them is an individual, as well as a collective, responsibility.

Principle of Businesses

Recognise the purpose of the Principles of Businesses, know the 11 principles and how they apply to different types of clients and appreciate the consequences of breaching the Principles.

Senior Management Arrangements Systems and Controls

Learn about the responsibilities of senior managers as covered by the Senior Management Arrangements, Systems and Controls Sourcebook (SYSC) contained within the Financial Conduct Authority's (FCA) Handbook.

Training and Competence

Understand the Financial Conduct Authority's (FCA) rules for training and competence of staff in the financial services sector, why staff need to be supervised and continually assessed as competent.

Overview of SM&CR for Solo Enhanced Businesses

This module will help support your transition from the Approved Persons Regime to SM&CR. This module in particular applies to you if you are a firm with total intermediary regulated business revenue of £35 million or more per annum, calculated as a three year rolling average  and / or  You are a firm with annual revenue generate by regulated consumer credit lending of £100m or more calculated as a three year rolling average.

Overview of SM&CR for Solo Limited Scope Businesses

This module will help support your transition from the Approved Persons Regime to SM&CR. This module in particular applies to you if you are a firm currently subject to Limited application of the Approved Persons Regime, which will apply to those firms with Limited FCA Permissions, you will be a Limited Scope SM&CR firm.

Overview of SM&CR for Solo Core Businesses

This module provides a deeper understanding of why an individual accountability regime is being implemented. After completing this course, the learner will be aware of the three key elements of SM&CR. These elements are The Senior Managers Regime, Certified Persons Regime and the Conduct Rules. The learner will also gain an understanding of how this new regime will impact their firm. 

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