2 Part Course  | 
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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 training.

The Millennium Bridge a symbol of modern London at sunset

A one-day financial services regulation course presented over two-half days in a virtual class from 09:30am to 1:00pm UK Time.

UK Financial Regulation Training Part 1

  • Overview - Explore 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 hot topics of the Proceeds of Crime Act 2019
  • 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

  • UK financial regulation training explores the 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
  • This section includes an in-depth 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

Financial Regulation Training Overview of the FCA’s Handbook and the 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

UK Financial Regulation Training Part 2

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
  • This section of the financial services regulation training includes an in-depth case study/example

Financial Products – Regulation & Compliance

  • This financial services regulation course looks at 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

UK Financial Regulation Course Conclusion and 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

This financial services regulation training is delivered by a very successful trainer with a long and varied “fast track” career in risk management.

He started his career with Lloyds Bank, which ultimately led him to senior management at an early age. He was then “headhunted” to join a merchant bank at the main board director level to head their risk management function. He has over 40 years of experience in managing risk in the UK banking and financial services industry. Since retiring he has been a freelance training consultant working in the areas of Compliance, FCC, AML, and financial services regulation training.

He is currently an external Master Trainer at both HSBC and the Bank of China. At HSBC he has been a leading member of their Global FCC & AML training 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 across the world including the UK, USA, South America, Europe, Africa, Asia and the Middle East.

This UK financial regulation course trainer is highly adaptive and hands-on. He is a 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 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.

This financial services regulation course covers the following:
  • How recent events impact regulation and compliance – particularly the working-from-home phenomena.
  • Understanding proposed post-Brexit changes that are currently being considered.
  • How UK financial services law, regulation and compliance requirements are governed and applied in the UK. We will cover this from both a “helicopter” viewpoint” and a detailed viewpoint.
  • Core elements of the present regulation and compliance framework.
  • The Senior Manager Regime; which is now mandatory in almost all regulated firms.
  • Impact & significance of the Money Laundering Regulations; updated by the 5th with the UK opting out of 6th Money Laundering Directives including changes, general risk assessment and risk mitigation policies.
  • The FCA’s Handbook and its current regulatory and compliance approach.
  • Financial regulation training takes into consideration any changes to the regime going forward that are likely to happen.

  • Redcliffe has been established for over 20 years and we are proud of our reputation for providing consistently excellent risk management and financial services regulation training.
  • This financial services regulation course is delivered by a trainer with over 40 years of experience in the financial services banking and financial risk and regulation industry. He has been successfully delivering financial services regulation training, alongside risk and regulation training for over 15 years.
  • Redcliffe Training is honoured 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.
  • Redcliffe has delivered financial services regulation training to many different types of financial firms of all sizes. We know the topic extremely well and from many different perspectives.
  • UK financial regulation training is carried out in a way that allows you to quickly gain value. Our intention is for you to immediately hit the ground running following the completion of this course.
  • We are always judged by our results and the feedback received from previous UK financial regulation training delegates has always been excellent.

This UK financial regulation training is a ‘must know’ for:
  • Anyone new to the UK Regulatory Sector. This financial services regulation training 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 will be critical over the next few years. Concerning this are proposals to implement “Post Brexit” changes in regulation; although how long it will take to pass from proposal to law is still uncertain.

This financial regulations training has been designed to either give you a comprehensive introduction or a comprehensive refresher of the UK Regulatory framework and a 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.
  • The course has really helped me understand how important it is to investigate every complaint point raised by the Customer and that evidence is vital in enabling us to arrive at the correct resolution. I really did get a lot from this course.
Number of places:
Part 1

£ 695.00

Number of places:
Part 2

£ 695.00

Discounts available:
Virtual Class

  • 2 places at 30% less
  • 3 places at 40% less
  • 4 places at 50% less
  • 5 places at 55% less
  • 6+ places at 60% less
  • Select the number of course places and dates to automatically calculate the discount
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