The UK Financial Services Regulation and Compliance Training Course

£625.00 +VAT

This course can also be presented face to face in-house or via live in-house webinar.

UK Financial Services Compliance Course Objectives:

Participants will:

  • Be introduced to the UK financial services regulation & compliance
  • Get an overview of core elements of the present regulation and compliance framework, including the Financial Services and Markets Act 2000 (FSMA) and the Financial Services Act 2012
  • Have explained to them the european and international influence on regulation & compliance
  • Gain an understanding of the FCA’s Handbook and regulatory and compliance approach
  • Get to grips with the Approved Persons Regime (being replaced in 2019 under present proposals)
  • Be introduced to the process, what the seller’s motives are and what the different methods of sale could be
  • Get an overview of the senior Manager Regime (applicable to banks now, all regulated firms by 2019)
  • Have explained to them the Money Laundering Regulations 2017 including the changes, general risk assessment and risk mitigation policies.

UK Financial Services Compliance Course Content:

Background to UK financial services regulation & compliance

  • Overview – The evolving scope of regulated activities and the regulator
  • FPC, PRA & FCA – all change on April 1 2013
  • Role of compliance
  • The handbook – FCA & Rulebook – PRA
  • Types of regulated firms
  • Types of regulation

Core elements of the present regulation and compliance framework

  • The Financial Services and Markets Act 2000 (FSMA)
  • The Financial Services Act 2012
  • The regulatory structure
  • The role of the Financial Conduct Authority (FCA)
  • The role of the Prudential Regulatory Authority (PRA)

Money Laundering Regulations 2017

  • Changes
  • General risk assessment
  • Risk mitigation policies
  • Level of due diligence
  • Reliance on third parties
  • PEPs
  • New Criminal Offence
  • Office for Professional Body Anti-Money Laundering Supervision (OPBAS).

European and international influence on regulation & compliance

  • Brexit
  • The European regulatory structure
  • The implementation and impact of EU Directives
  • Passporting
  • 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
  • Statements of principle for approved persons
  • Senior management arrangements systems and controls
  • Training and Competence Sourcebook
  • Business standards
  • Conduct of Business Sourcebook (COBS) Structure of handbook
  • Topical issues

The Approved Persons Regime (being replaced in 2019 under present proposals)

  • Definition of Approved Person
  • FCA procedure
  • Statements of Principle for Approved Persons
  • Code of Practice
  • Approved Persons & the Remuneration Code

Senior Manager Regime

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

Financial products – regulation & compliance

  • Accepting customers
  • Financial promotions
  • Advising and selling
  • Product disclosure
  • Dealing and managing
  • Customer reporting
  • Prudential standard
  • Capital Requirements Directives (CRD) – overview only

Client Assets Sourcebook

  • Custody
  • Client money


  • Dispute resolution (complaints)
  • Compensation

 Financial Crime

  • Insider dealing (CJA 1993)
  • Market manipulation (S 89-91 FSA 2012)
  • Market abuse (S 118 FSMA)
  • Market Abuse Directive II / Regulation
  • Money laundering
  • Proceeds of Crime Act 2002 (as amended)
  • Money Laundering Regulations 2007
  • SYSC rules on financial crime
  • JMLSG guidance

Future ?


Background of the Trainer

Your course director has spent more than 40 years in the banking and financial sector, much of it in a senior managerial/Director role. He is a former Institute of Banking Lecturer, having gained distinctions in the exams. He is a subject matter expert on all aspects of retail, corporate and global banking, including risk management and regulatory compliance. He has lectured extensively to both leading global financial institutions and to smaller bespoke specialists. He has delivered extensive programmes in all parts of the world including the USA, Europe, MENA, Africa and Hong Kong. He is currently an accredited Master Trainer at the world’s biggest global bank.

UK Financial Services Compliance Course Summary

This introductory/intermediate workshop style course is suitable for both beginners as well as those wishing to hone up or refresh existing skills. The scale of regulation can seem both bewildering and confusing. This one day interactive workshop is designed to explain the process in clear and easy to follow steps. It starts with an overview of UK financial services regulation and compliance. It reviews the central pieces of UK legislation,including important secondary legislation. It also examines how the EU has influenced development, especially regulation & compliance and will continue to do so whilst Brexit discussions remain at what still seems to be a very early stage.

We will also discuss the role of the FCA in detail including the changes introduced by the Senior Managers Regime which is now live in the banking sector and will be extended to all regulated firms by 2019.

There will be an explanation of the workings of the FCA’s Handbook and regulatory processes. We will understand how to use the FCA website to research and analyse areas of the rules and their application in respect of UK regulation and compliance issues. We will also look at several important and topical areas of the regulatory framework and how these are being treated under current regulation & compliance requirements.


What Redcliffe’s clients are saying about the course:
The Presenter was engaging and made the course relevant to my personal needs”

Retail Officer, ICBC

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“Comprehensive cover of all relevant aspects in the regulatory functions”

Associate, Allen & Overy

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“The purpose of course was to understand more surrounding FCA regulations, really thought provoking and enjoyable”

Associate, Fieldfisher


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5-6 participants – 20% discount,7-8 participants – 25% discount,Over 9 participants – 30% discount


12 October 2018