The Training Environment For Financial Services

Assessment of Value – meeting FCA Expectations

You are looking at one of our in-house courses. Many of our in-house programmes are also available as open courses on specific dates. Click here to see our open course calendar.

Outline & Objectives

The FCA’s Assessment of Value (AoV) rules came into force in September 2019 and all authorised Fund Managers have now published at least one annual value assessment.

Unfortunately, when the regulator subsequently carried out a review of the implementation of AoV it found that “most of the AFMs we reviewed had not implemented AoV arrangements we expect to be necessary to comply with our rules. Many had not implemented assessments meeting the minimum consideration requirements and several practices fell short of our expectations.” The FCA also concluded that a significant portion of independent directors “did not provide the robust challenge we expect from them and appeared to lack sufficient understanding of relevant fund rules”.

As a result, and given the FCA’s focus on Consumer Duty, firms are going to be under increased scrutiny in this area. It is important to understand the scope of the regulation, who is responsible for what and how to ensure oversight and implementation of recommendations. This is a key priority for the FCA and it is important for firms and individuals to understand their obligations and responsibilities in this area.

Attending this focused half day course will help you:

  • Update and refresh your knowledge of AoV and what it means for your firm in practice
  • Appreciate how AoV interacts with Consumer Duty
  • Understand the seven categories of AoV disclosure
  • Address reporting requirements and challenges, including data, metrics and ratings
  • Identify best practice and benchmark your approach
  • Consider the roles and responsibilities involved in the assessment and reporting process 
  • Plan and ensure the effective Implementation of Recommendations

Who will benefit?

Anyone involved in or responsible for product oversight in Authorised Fund Management firms, including ACDs, senior managers, board directors, Compliance and Product managers. 

Course Agenda

Topics covered may include but are not limited to:

AoV: update and overview

AoV and Consumer Duty

Categories of Assessment

Reporting

Best practice

Key Roles and rResponsibilities

Implementation of Recommendations 

Bottom Banner
© 2014 Corporate Training Partnerships. All Rights Reserved. Terms and Conditions | Privacy Policy