Course description
The biggest risk for senior managers working within an FCA or PRA regulated environment is a breach of the duty of responsibility under s.66A[5] Financial Services and Markets Act 2000.
However, the regulator cannot take action where the senior manager can demonstrate they have taken ‘reasonable steps’ to control their area of the business effectively. Clarity on what constitutes ‘reasonable steps’ and how to evidence that the appropriate reasonable steps have been taken is proving to be a challenge for many firms.
This short webinar with leading trainer Robert Bell will provide practical guidance in respect of evidencing reasonable steps so that senior managers are comfortable and confident in managing their responsibilities.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The biggest risk for senior managers working within an FCA or PRA regulated environment is a breach of the duty of responsibility under s.66A[5] Financial Services and Markets Act 2000.
However, the regulator cannot take action where the senior manager can demonstrate they have taken ‘reasonable steps’ to control their area of the business effectively.
Clarity on what constitutes ‘reasonable steps’ and how to evidence that the appropriate reasonable steps have been taken is proving to be a challenge for many firms.
This short webinar will provide practical guidance in respect of evidencing reasonable steps so that senior managers are comfortable and confident in managing their responsibilities.
The session is geared towards Senior Managers (SMFs) of FCA authorised and regulated firms, as well as Heads of Compliance and Compliance Managers.
What You Will Learn
This webinar will cover the following:
- Introducing the Duty of Responsibility
- Outlining reasonable steps
- What does the evidence look like?
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...