Conduct Rules: Online Training

The benefits

The Approved Persons Regime has been replaced with the Senior Managers and Certification Regime (SMCR). The SMCR is intended to increase standards of conduct and individual accountability for all of those working within Financial Services and Insurance, while holding  senior managers accountable for the firm's conduct.

The SMCR has three elements, the Senior Manager's regime and Certification regime, both of which came online for solo regulated firms in 2019 and thirdly, the Conduct Rules which staff must have been trained on by the end of March 2021. Refresher training should now be undertaken annually and we are quickly approaching that deadline.

There are two sets of Conduct Rules; those for Senior Managers (the Senior Managers Conduct Rules) and the Individual Conduct Rules, which apply to all relevant staff. Staff must understand how these rules apply on a practical level in their day to day role. A breach of these rules can potentially have serious consequences on the individual and their future career. The increased emphasis on individual accountability means it is important for your business to understand what your responsibilities are in terms of training staff and ensuring there are controls in place to quickly detect and mitigate any breaches of Conduct Rules. 

For more information about the Senior Managers and Certification regime, read our report comparing individual accountability regimes across three global regions.

Our online training will:  

• Help all staff understand the key tenets of the SMCR  and underpin what individual accountability means and good conduct looks like.
• Promote understanding of the Conduct Rules, how they apply to all relevant staff and Senior Managers and how to identify a breach.
• Increase understanding of the Certification regime and requirements for Senior Managers and Certified staff.
• Increase understanding of Duties of Responsibilities and Reasonable Steps expectations for Senior Managers. Ensure that firms can comply with FCA requirements and evidence that Conduct Rules training has been provided to all relevant staff and Senior Managers.

Key features:

• Designed by our team of expert regulatory lawyers.
• Case studies and real world scenarios to embed learning.
• Accommodates work commitments - training can be completed in stages and at the users own pace .
• Interactive learning with the use of assessments and case studies to test knowledge.
• SCORM compliant module allowing automatic update of individual records on completion of module and assessment.
• Compatible with all major learning management systems.

Cost:  

Our pricing is based on a licence fee of only £50 per user and a customised module is priced on application.

For further information please drop us a line using the enquiry form below.  A member of our team will be in touch to discuss your requirements.