The Essential Guide for Senior Managers of Dual Regulated Firms

Date: On a date of your choice
Location: Delivered as an interactive briefing
Event Code: EGSMDRF

Course Details

From the Code of Practice to Systems and Controls, a Senior Manager in a dual regulated firm needs to be on the ball across a wide range of topics to demonstrate effective governance of the firm. This workshop style event is designed to provide new and existing Directors of dual regulated firms with up to date insights and critical knowledge for a visit or interview.  


1. Current governance standards expected of regulated firms

  • Duties of Directors under Company Law
  • The differing roles of the Executive and Non-executive Director
  • Role and purpose of the Board and its committees

2. What the PRA & FCA expect of you

  • The High Level standards and your role in overseeing compliance with them
  • Senior Manager/ Senior Insurance Manager Functions
  • Meeting and continuing to meet Fitness and Propriety standards
  • Code of Conduct for Senior Managers
  • Governance maps

3. The regulatory approach to visits and interviews

  • How your risks are aligned to the PRA and FCA statutory objectives
  • Categorisation of firms and what this means for you
  • PRA and FCA hot topics: What they are and how they apply to you

4. Managing your interview

  • Critical areas for preparation
  • Individual versus joint responsibilities
  • Typical questions
  • Do’s and don’ts for the interview

5. Managing the increasing personal risk

  • Attestations
  • Recent Enforcement actions and what they convey
  • Increasing use of s166 skilled persons reports

Who should attend?

Any Directors and Senior Managers who are approved or are seeking approval by the PRA and/or FCA. It is also ideal for those newly appointed as part of induction or as part of succession planning. NB: If you are FCA only regulated then we have a separate tailored course.

Key Benefits

  • Ensure you know the standards that the regulators expect and their fit with your responsibilities as a Company Director
  • Know the behaviours that the Code of Conduct for Senior Managers demands and what action would breach them
  • Understand how to meet and maintain fitness standards Ensure that your knowledge of the latest PRA and FCA hot topics is up to date
  • Understand how your business model and culture are measured and assessed Know what you might be asked and why about the governance, strategy, and culture in your firm
  • Consider example questions from the PRA and how best to prepare for them
  • Explore examples of regulatory remedies including s166 skilled persons reports, attestations and Enforcement action




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