Senior Management Obligations in FCA Regulated Firms - 12 September 2019

12 September 2019 - 9:30am - 11:30am BST
Training (London)
ACA Compliance (Europe)
ACA Compliance (Europe) Limited 130 Jermyn Street London SW1Y 4UR
£299 + VAT

Course Overview:

The ever-increasing focus by the Regulators on the accountability of Senior Management, particularly when things go wrong, emphasises how important it is for individuals in senior positions to have a clear understanding of what is expected of them. This succinct course is designed to assist Senior Management to have a full understanding of what they need to do to achieve compliance with two specific parts of the Rules.

Course Objectives:

  • The ability to demonstrate to the Regulator your understanding of the current Regulatory approach and the Senior Management/Significant influence responsibilities;
  • The knowledge you need to achieve and evidence compliance with those responsibilities;
  • The potential to identify actions that may need to be taken to address any gaps in compliance;
  • The ability to ensure that procedures are in place for risk identification, assessment and mitigation; and
  • Be aware of the actions the FCA can take if things go wrong.

Key topics:

  • The current Regulatory environment; The “Twin Peaks” approach to Regulation and Supervision
  • The link between the Regulator’s objectives in The Financial Services and Markets Act and Senior Management responsibilities
  • Apportionment and Oversight
  • The Principles for Businesses (PRIN)
  • Fitness and Propriety: The Fit and Proper test for Approved Persons
  • The Statements and Codes of Practice for Approved Persons (APER)
  • Examples of what can go wrong: Enforcement Notices against Firms and Individuals

Course aimed at: Individuals in significant influence roles

This course can be delivered onsite or as an instructor lead course at a firm’s office.

If you would like to discuss your training requirements in more detail please contact Graham Dix on +44 (0)20 7484 3987 or your usual ACA consultant.