The Essential Guide for Senior Managers of FCA Regulated Firms

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

Course Details

From the Code of Practice to Systems and Controls, a Senior Manager in a FCA 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 FCA regulated firms with up to date insights and critical knowledge for a visit or interview.

Agenda:

1. Current governance standards 

  • 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 FCA expects of you

  • The High Level standards and your role in overseeing compliance with them
  • The Significant Influence Functions (SIFs)
  • Meeting and continuing to meet Fitness and Propriety standards
  • Code of Conduct for Approved Persons

3. The FCA’s approach to visits and interviews

  • How your risks are aligned to the FCA’s statutory objectives
  • Categorisation of firms and what this means for you
  • 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

6. The proposed expansion of the Senior Managers & Certification Regime   

Who should attend?

Any Directors and Senior Managers who are approved or are seeking approval by the FCA. It is also ideal for those newly appointed as part of induction or as part of succession planning.    

NB: If you are dual regulated then we have a separate tailored course.

Key Benefits

  • Ensure you know the standards that the FCA expects and their fit with your responsibilities as a Company Director
  • Understand how to meet and maintain fitness standards.
  • Ensure that your knowledge of the latest 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 FCA and how best to prepare for them.
  • Explore examples of regulatory remedies including s166 skilled persons reports, attestations, and Enforcement action.
  • Understand how the government proposal to extend the Senior Managers and Certification regime to all sectors of financial services, replacing the Approved Persons Regime may impact you.

 

 

 

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