Professional Training

FCA Compliance & the New Consumer Duty - Live at Your Desk - Learn Live

Length
2 hours
Next course start
13 May, 2024 See details
Course delivery
Virtual Classroom
Length
2 hours
Next course start
13 May, 2024 See details
Course delivery
Virtual Classroom

Course description

The FCA’s ongoing work in relation to culture has culminated in the creation of the ‘Consumer Duty’, a step change in the way firms treat customers.


The new duty brings with it a new enforceable set of standards and sets higher expectations for the standard of care that firms provide to consumers. For many firms, this would require a significant shift in culture and behaviour, where they consistently focus on consumer outcomes, and put customers in a position where they can act and make decisions in their interests. It is essential you ensure you are taking the correct steps to become compliant.


This virtual classroom session with leading expert Robert Bell will give clarity where there is ambiguity, after which you will be able to fully understand the upcoming changes. This session is appropriate for those working for an FCA regulated firm based in the UK.

Upcoming start dates

1 start date available

13 May, 2024

  • Virtual Classroom
  • Online
  • English

Outcome / Qualification etc.

Following all MBL courses, a certificate of attendance will be provided for those who are required to evidence their CPD activity to a professional body.

Training Course Content

Introduction

The FCA’s ongoing work in relation to culture has culminated in the creation of the ‘Consumer Duty’, a step change in the way firms treat customers.

The new duty brings with it a new enforceable set of standards and sets higher expectations for the standard of care that firms provide to consumers. For many firms, this would require a significant shift in culture and behaviour, where they consistently focus on consumer outcomes, and put customers in a position where they can act and make decisions in their interests.

With the risks of getting it wrong higher than ever and rules becoming ever more complex, it is essential you ensure you are taking the correct steps to become compliant.

This virtual classroom session will give clarity where there is ambiguity, after which you will be able to fully understand the upcoming changes. It is appropriate for those working for an FCA regulated firm based in the UK, including Scotland and Northern Ireland.

The session contains a case study based on a credit lender however the content in the session is transferable to all financial services firms.

What You Will Learn

This live and interactive session will cover the following:

  • Why the FCA are bringing in the duty
  • A summary of the Consumer Duty
  • How to comply with the Consumer Principle
  • Explanation of the cross-cutting rules
  • Four outcomes: required reviews
  • Monitoring and governance

Expenses

From £144
MBL Seminars Limited
C/o Law Business Research
Holborn Gate, 330 High Holborn
WC1V 7QT London

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...

Read more and show all courses with this provider

Ads