Training Courses

T&C Responsibilities Workshop

Category: Regulation and Compliance

Course level: Introductory

In house

This 3-hour workshop aims to help those people within firms who are responsible for T&C and need to understand their responsibilities in order to ensure that the firm complies with the FSA Training & Competence regime.

The workshop will help delegates identify and correctly categorise staff, provide advice on handling FSA documentation and internal record-keeping, and prepare for FSA inspection visits.

The workshop will also explore how T&C can provide value-added to the business units to ensure a compliant and risk-based approach to T&C.

Objectives

At the end of this workshop delegates will have a greater understanding of:

  • The FSA’s risk-based approach to T&C
  • Record-keeping and evidence of CPD
  • Individual responsibilities under T&C

Length

3 hours

Course Content

The role of the FSA

FSA regulatory responsibilities
Principles for businesses
FSA penalties and sanctions

Approved Person regime

Identifying Controlled Functions
Who falls within the Approved Person regime?
Changes to APER under FSA PS 07/3&4
FSA Principles and Code of Conduct for Approved Persons
Individual responsibilities
Fit and Proper (FIT)
FSA penalties and sanctions for Approved Persons

Senior managers‘ responsibilities

FSA Principles and Code of Conduct for senior managers
Individual responsibilities
Fit and Proper
Demonstrating competence
FSA penalties and sanctions

SYSC

Review of the SYSC rules
Getting senior managers to buy into T&C
Implementing a risk-based approach

HR issues

Taking on a new Approved Person
Recruitment policies
What checks must be completed (eg CRB)?
What forms must be sent to the FSA?
Moving staff round a firm into Controlled Functions – what checks must be completed?
Handling leavers
Handling change in personal circumstances
The logistics
How long must records be retained, in what format, where can they
be stored, etc?

Training & Competence Sourcebook

Aims, objectives and structure
TC1 and TC2
People not covered by Approved Persons rules but within TC2
proposed changes under MiFID
FSA policy statements 07/3 and 07/4 – implementation of the FSA’s post-MiFID T&C regime.

Competency frameworks

Assessing initial competence
Supervision – identifying your trainees
Monitoring – how to ensure competence is maintained
Assessing on-going competence
Competency frameworks and KPIs
CPD, record-keeping
Implementing a training strategy
Handling appraisals within an FSA framework

Preparing for an FSA inspection visit

Recording systems, and where and how activities are listed
Review endemic failings and enforcement notices of other groups

This course would be suitable for:

  • Approved Person
  • Client services and call centres
  • HR and training
  • Investment administration and operations
  • Investment professionals
  • Legal & Compliance
  • New entrants
  • Risk management
  • Sales and marketing
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