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A Comprehensive Guide to UK Financial Services Regulation and Compliance

2 Part Course  |  Learn how the financial markets work in practice by reviewing the central pieces of UK legislation and the Institutions/Regulators that oversee them, in this highly interactive webinar

The Millennium Bridge a symbol of modern London at sunset

A one-day course presented in two half-day live webinars from 9:30am to 1:00pm UK time

Part One

  • Overview - The evolving scope of regulated activities and the regulator
  • FPC, PRA & FCA
  • Role of compliance
  • Three lines of Defence model – plus one!
  • The handbook - FCA & Rulebook – PRA
  • The FCA “Outcomes” approach
  • The General Principles for Business – New Principle 12 in 2023
  • Types of regulated firms
  • Types of regulation
  • ESG Overview

Core elements of the present regulation and compliance framework

  • The Financial industry Compliance Services and Markets Act 2000 as amended
  • The Proceeds of Crime Act 2019Hot topics
  • The regulatory structure
  • The role of the Financial Conduct Authority (FCA)
  • The role of the Prudential Regulatory Authority (PRA)
  • Rules Based versus Principles Based Regulation and Compliance
  • Case Study/Example

Money Laundering Regulations & Financial Crime Compliance

  • Main provisions
  • Changes during each amendment
  • 4th, 5th & 6th Money Laundering Regulations Directives
  • General risk assessment
  • Sanctions – Ukraine conflict additions
  • Risk mitigation policies
  • Level of due diligence
  • Reliance on third parties
  • PEPs
  • Case Study/Example

European and international influence on regulation & compliance

  • MIFID II highlights
  • The European regulatory structure
  • The implementation and impact of EU Directives
  • Significant EU directives
  • Global regulatory influences
  • Proposed Post Brexit changes and their potential impact

Overview of FCA’s Handbook and regulatory and compliance approach

  • High-level standards
  • Principles for businesses / The Fundamental Rules
  • Senior management arrangements systems and controls
  • Training and Competence Sourcebook
  • Business standards
  • Conduct of Business Sourcebook (COBS) Structure of handbook
  • Topical issues


Part Two

Senior Manager & Certification Regime

  • Detailed Overview
  • What is a Senior Manager
  • SMR Designations
  • Criminal Record Checks
  • Regulatory references
  • Whistleblowing
  • Responsibility Maps
  • Individual Statement of responsibilities
  • Dealing with Double counted or Unmanaged risks
  • Certified Individuals
  • Certification of staff by SMR’s.
  • Duty of Responsibility
  • New criminal offence – Reckless Misconduct
  • Appropriate SMR handover
  • Case Study/Example

Financial products – Regulation & Compliance

  • Onboarding customers
  • Potentially Vulnerable Customers
  • Financial promotions
  • Conflicts of Interest
  • Product governance
  • Dealing and managing
  • Complaints handling
  • Case Study/Example
    • Client Assets Sourcebook
  • Rules
  • Requirements
  • Tiers applied

Other Key Issues

  • Insider dealing
  • Market manipulation
  • Market abuse
  • Revised Standardised Approaches under Basel III – 2025?
  • ESG – what we know so far
  • Cybercrime
  • Fraud
  • Data Protection

The trainer has had a highly successful, long and varied “fast track” career in risk management at Lloyds Bank, leading him to very senior management at an early age. He was then “headhunted” to join a merchant bank at the main board director level to head the risk management function. He now has over 40 years of experience in managing risk in the UK banking and financial services industry.

He has been a freelance Compliance, FCC & AML training consultant since retiring and is currently an external Master Trainer at both HSBC and Bank of China. At HSBC he has been a leading member of their Global FCC & AML training programme which is now entering its sixth year. He has created and delivered training to a vast range of clients, from global giants to small firms and partnerships. He is an accomplished global trainer and has delivered extensive programmes in the UK, USA, South America, Europe, Africa, Asia and the Middle East.

The trainer is a highly adaptive, hands-on and highly sought-after facilitator who always receives excellent feedback from delegates. He is comfortable training at any level of seniority and experience, from “black belts” to novices.  In addition to his risk management specialisation, his expertise includes but is not limited to Trade Finance, Regulatory Compliance, FCC & AML and all aspects of Corporate, Private and retail Banking. He is also a highly experienced soft skills trainer and has completed numerous “train the trainer” assignments.

  • To consider the impact of recent events on both regulation and compliance – particularly the working-from-home phenomena.
  • To consider the proposed post-Brexit changes that are being considered currently.
  • To understand from both a “helicopter” viewpoint” - and where necessary - a detailed viewpoint of the way UK financial services law, regulation and compliance requirements are governed and applied in the UK.
  • Understand the importance of the core elements of the present regulation and compliance framework.
  • Get an overview of the Senior Manager Regime which is now mandatory in almost all regulated firms.
  • Appreciate the significance as well as the impact of the Money Laundering Regulations updated by the 5th & the UK opted out, 6th Money Laundering Directives including the changes, general risk assessment and risk mitigation policies.
  • Gain an understanding of the FCA’s Handbook and its current regulatory and compliance approach.
  • Consider the likely changes to the regime going forward.

  • Redcliffe has been established for over 20 years and we are proud of our reputation for providing consistently excellent risk management and financial compliance training.
  • Our financial compliance training director has over 40 years of experience in the financial services banking and financial risk and regulation industry and retired at the main board director level. He has been delivering training successfully on risk and regulation for over 15 years.
  • Redcliffe is pleased to have been appointed to Master Trainer status by two of the world’s largest financial services regulations institutions ensuring we are always at the cutting edge of strategic risk thinking and management.
  • We have also delivered financial regulations training to many different types and sizes of financial firms. We know the topic extremely well and from many different perspectives.
  • We always aim to immediately add value so that delegates hit the ground running following the completion of this course.
  • We are always judged by our results and the feedback received from previous delegates has always been excellent.

Our financial services compliance training is a ‘must know’ for:

  • Anyone new to the UK Regulatory Sector – it is suitable for ‘beginners’ who may have recently joined the sector.
  • Anyone wishing to refresh or enhance their existing knowledge or understanding.
  • Compliance and Risk Officers.
  • Anyone working in a complex or widely diversified organisation who needs a “helicopter view” of UK regulation and compliance.

“May you live in interesting times” – the apocryphal curse – now seems to apply perfectly to contemporary financial markets. They remain in a fragile state and the next few months will be critical. There are also proposals to implement “Post Brexit” changes in regulation although how long it will take to pass from proposal to law is as yet uncertain.

Our financial regulations training has been designed to give either a comprehensive introduction or a comprehensive refresher of the UK Regulatory framework and takes full account of current market conditions and current risks. It is suitable for both beginners as well as those wishing to hone or refresh existing skills.

  • Excellent presentation by an experienced and enthusiastic presenter
  • The instructor was very good. Very clear and clearly has a lot knowledge
Number of places:
Part 1
Number of places:
Part 2

£ 695.00

Per participant per part

Discounts available:

Book multiple places on both parts in one order for the below discounts:

  • 2 places at 30% less = £ 973.00
    per person
  • 3 places at 40% less = £ 834.00
    per person
  • 4 places at 50% less = £ 695.00
    per person
  • 5 places at 55% less = £ 625.50
    per person
  • 6+ places at 60% less = £ 556.00
    per person
  • You don’t have to book multiple places on just one course to get these fantastic discounts – you can book different participants on any of our courses and still get the same discount


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