Regulation & Compliance for UK Financial Services

Transcription

1 Regulation & Compliance for UK Financial Services A one day interactive workshop reviewing the central pieces of UK legislation This course is presented in London on: 11 March 2019 and 7 October 2019 This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training Specialist

2 Course Objectives Participants will: Be introduced to the UK financial services regulation & compliance Get an overview of core elements of the present regulation and compliance framework, including the Financial Services and Markets Act 2000 (FSMA) and the Financial Services Act 2012 Have explained to them the european and international influence on regulation & compliance Course Overview Gain an understanding of the FCA s Handbook and regulatory and compliance approach Get to grips with the Approved Persons Regime (being replaced in 2019 under present proposals) Be introduced to the process, what the seller s motives are and what the different methods of sale could be Get an overview of the senior Manager Regime (applicable to banks now, all regulated firms by 2019) Have explained to them the Money Laundering Regulations 2017 including the changes, general risk assessment and risk mitigation policies. Course Content Background to UK financial services regulation & compliance Overview - The evolving scope of regulated activities and the regulator FPC, PRA & FCA all change on April Role of compliance The handbook - FCA & Rulebook - PRA Types of regulated firms Types of regulation Core elements of the present regulation and compliance framework The Financial Services and Markets Act 2000 (FSMA) The Financial Services Act 2012 The regulatory structure The role of the Financial Conduct Authority (FCA) The role of the Prudential Regulatory Authority (PRA) Money Laundering Regulations 2017 Changes General risk assessment Risk mitigation policies Level of due diligence Reliance on third parties PEPs New Criminal Offence Office for Professional Body Anti-Money Laundering Supervision (OPBAS). European and international influence on regulation & compliance Brexit The European regulatory structure The implementation and impact of EU Directives Passporting Significant EU directives Global regulatory influences Overview of FCA s Handbook and regulatory and compliance approach

3 High level standards Principles for businesses / The Fundamental Rules Statements of principle for approved persons Senior management arrangements systems and controls Training and Competence Sourcebook Business standards Conduct of Business Sourcebook (COBS) Structure of handbook Topical issues The Approved Persons Regime Definition of Approved Person FCA procedure Statements of Principle for Approved Persons Code of Practice Approved Persons & the Remuneration Code Senior Manager Regime Overview Key changes Risk Maps Accountability Statements Certified Persons Systems & control functions Financial products regulation & compliance Accepting customers Financial promotions Advising and selling Product disclosure Dealing and managing Customer reporting Prudential standard Capital Requirements Directives (CRD) overview only Client Assets Sourcebook Custody Client money Redress Dispute resolution (complaints) Compensation Financial Crime Insider dealing (CJA 1993) Market manipulation (S FSA 2012) Market abuse (S 118 FSMA) Market Abuse Directive II / Regulation Money laundering Proceeds of Crime Act 2002 (as amended) Money Laundering Regulations 2007 SYSC rules on financial crime JMLSG guidance Future?

4 Background of the trainer Your course director has spent more than 40 years in the banking and financial sector, much of it in a senior managerial/director role. He is a former Institute of Banking Lecturer, having gained distinctions in the exams. He is a subject matter expert on all aspects of retail, corporate and global banking, including risk management and regulatory compliance. He has lectured extensively to both leading global financial institutions and to smaller bespoke specialists. He has delivered extensive programmes in all parts of the world including the USA, Europe, MENA, Africa and Hong Kong. He is currently an accredited Master Trainer at the world s biggest global bank. Course Summary This introductory/intermediate workshop style course is suitable for both beginners as well as those wishing to hone up or refresh existing skills. The scale of regulation can seem both bewildering and confusing. This one day interactive workshop is designed to explain the process in clear and easy to follow steps. It starts with an overview of UK financial services regulation and compliance. It reviews the central pieces of UK legislation, including important secondary legislation. It also examines how the EU has influenced development, especially regulation & compliance and will continue to do so whilst Brexit discussions remain at what still seems to be a very early stage. We will also discuss the role of the FCA in detail including the changes introduced by the Senior Managers Regime which is now live in the banking sector and will be extended to all regulated firms by There will be an explanation of the workings of the FCA s Handbook and regulatory processes. We will understand how to use the FCA website to research and analyse areas of the rules and their application in respect of UK regulation and compliance issues. We will also look at several important and topical areas of the regulatory framework and how these are being treated under current regulation & compliance requirements. What Redcliffe s clients are saying about the course: The Presenter was engaging and made the course relevant to my personal needs --Retail Officer, ICBC Comprehensive cover of all relevant aspects in the regulatory functions --Associate, Allen & Overy The purpose of course was to understand more surrounding FCA regulations, really thought provoking and enjoyable --Associate, Fieldfisher

5 09:30-17:00 London Standard Price: VAT Membership Price : VAT In-House Training Delivering this course in-house for a number of participants could be very cost effective. The venue and timing can be agreed to suit the client, as well as the selection of the trainer and the precise contents of the seminar. Tailored Learning All of our training courses can be tailored to suit your company s exact training needs. We will work closely with you to help develop a training programme with content that is unique for your organisation. Please us on enquiries@redcliffetraining.co.uk for more information E-Learning This course can also be presented as a bespoke e-learning programme created by you to fit your exact requirements.