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Senior Management Obligations in FCA Regulated Firms

11 Dec 2018 09:30 - 11:30
Cordium UK offices
130 Jermyn Street, London, SW1Y 4UR
Training & Workshops, Compliance, Risk, Regulation
Banking, Wealth Management, Investor Relations, Securities & Investment

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 020 7484 3987 or your usual Cordium consultant.


Course Background:

The ever increasing focus by the Regulators on the accountability of Senior Management, particularly when things go wrong, emphasises the importance of individuals in senior positions to have a clear understanding of what is expected of them. 

Course Overview:

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:

  • Senior Management Arrangements, Systems and Controls (SYSC); and
  • Approved Persons (APER)

Course Objectives:

  • The ability to demonstrate to the Regulator your understanding of the current Regulatory approach and the Senior Management/Approved Person 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

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: Senior Management and Approved Persons


2 Points
Cordium - Education and Training
130 Jermyn Street, London, SW1Y 4UR, United Kingdom.

Tel: +44 (0) 20 7691 9722
Contact: Graham Dix. Manager Training Solutions