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A Comprehensive Guide to UK Financial Services Regulation and Compliance

0 Part Course  |  An interactive webinar reviewing the central pieces of UK legislation and describing how financial markets work in practice

UK Financial Services Regulation and Compliance Training

A one-day course

  • Redcliffe has been established for over 20 years and we are proud of our reputation for providing consistently excellent risk management training
  • Your Course Director has over 40 years’ experience in the Financial Services banking industry and retired at main board director level. He has been delivering training successfully on risk and regulation for over 12 years.
  • Redcliffe is pleased to have been appointed to Master Trainer status by two of the worlds’ largest financial institutions ensuring we are always at the cutting edge of strategic risk thinking and management
  • We have also delivered this training to many different types and sizes of financial firms so we are convinced we know the topic extremely well and from many different perspectives
  • We always aim to add value immediately so that delegates “hit the ground running” following completion of this course.
  • We are always judged by our results and the feedback received from previous delegates has always been excellent.

  • To consider the impact of COVID on both Regulation & Compliance – particularly the Working from Home phenomena
  • To Consider the impact of Brexit
  • To understand from both a “helicopter” viewpoint” - and where necessary - a detailed viewpoint of the way UK financial services and compliance requirements are regulated 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
  • Appreciate the significance, as well as the impact of the Money Laundering Regulations updated by the 5th & the UK, opted out, 6thMoney 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


  • 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
  • Types of regulated firms
  • Types of regulation

The Impact of COVID & BREXIT

  • Overview of COVID impact
  • Overview of Brexit impact
  • The impact and challenges of risk management during WFH
  • Likely changes going forward

Core elements of the present regulation and compliance framework

  • The Financial Services and Markets Act 2000 as amended
  • The Proceeds of Crime Act 2019
  • Unexplained Wealth Orders
  • The regulatory structure
  • The role of the Financial Conduct Authority (FCA)
  • The role of the Prudential Regulatory Authority (PRA)

Money Laundering Regulations  2017 -2020

  • Main provisions
  • Changes during each amendment
  • 4th, 5th & 6th Money Laundering Directives
  • General risk assessment
  • Risk mitigation policies
  • Level of due diligence
  • Reliance on third parties
  • PEPs

European and international influence on regulation & compliance

  • MIFID II highlights
  • Passporting & Equivalence
  • The European regulatory structure
  • The implementation and impact of EU Directives
  • Significant EU directives
  • Global regulatory influences

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

Senior Manager & Certification Regime – Now Mandatory 

  • Overview
  • Key changes
  • Risk Maps
  • Accountability Statements
  • Certified Persons
  • Systems & control functions

Financial products – regulation & compliance

  • Accepting customers
  • Financial promotions
  • Advising and selling
  • Product governance
  • Dealing and managing
  • Complaints handling
  • Capital Requirements Directives (CRD) – overview only

Client Assets Sourcebook

  • Rules
  • Requirements
  • Tiers applied

Financial Crime

  • Insider dealing
  • Market manipulation
  • Market abuse
  • Money laundering
  • Financial Crime Compliance
  • Sanctions
  • CTF
  • JMLSG guidance

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

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 specialism, his expertise includes but is not limited to Trade Finance, Regulatory Compliance, FCC & AML and all aspects of Corporate, Private & Retail Banking. He is also a highly experienced soft skills trainer and has completed numerous “train the trainer” assignments.

“May you live in interesting times” – the apocryphal curse – now seems to apply perfectly to financial markets as we move into 2021. COVID, BREXIT, a new US President, continuing uncertainty in Hong Kong and the growth – or not – of crypto – assets, are all contributing to a challenging melange of risks,

This highly interactive workshop-style webinar 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 up 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
Dates coming soon



Have this course presented In-House

  • On a date, time and in a location of your choice
  • Topics expanded or deleted to your bespoke requirements

Have this course pre-recorded

  • Full course recording edited exclusively for your company
  • Files converted to enable housing on your LMS

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