Delivering this course in-house for your company to a number of participants could be very cost effective.
The FCA requires that all firms employ personnel with the ‘skills, knowledge and expertise necessary for the discharge of the responsibilities allocated to them’ – the ‘Competent Employees Rule’ found in SYSC 5.
Firms therefore have a general responsibility to ensure that their staff are, and remain up to scratch. Extra obligations are placed on staff who hold controlled functions under the FCA regime, for example, CF30 – the Customer Function.
When CF30’s deal with retail clients they are also bound by the requirements contained in the Training & Competence Sourcebook.
This course will cover all the obligations relating to training and competence, including ideas on how to devise an effective T&C regime, and how to assess competence and ensure it is maintained.
It will also provide delegates with an up to date picture of the FCA’s position on T&C, post Turner.
The Current Regulatory Regime
Competent Employees and the Principles for Business
SYSC and the Competent Employees Rule
The Approved Persons Regime