The Training Environment For Financial Services

Conduct Rules - understanding your Obligations under SMCR - remote delivery

09 Feb 2021, remote delivery

10:00am to 12:00pm

Course fees: £125.00 + vat per person

Savings for multiple registrations

Background & Objectives

Despite the turmoil and uncertainties caused by Covid-19, the FCA’s Business Plan for 2020-2021 states that:

We expect all solo-regulated firms to comply with the requirements of the Senior Managers and Certification Regime (SM&CR) as they fall due. The regime aims to see firms across financial services foster healthy cultures where conduct and fair customer outcomes are at the forefront of their business.”

The Conduct Rules, which lie at the heart of the SM&CR, set these basic standards of good personal conduct. As part of the final implementation of the SM&CR, firms are required to ensure that all their staff are fully trained on the Conduct Rules and understand how these Rules impact their job roles. Firms must complete this training by 31 March 2021 at the latest.  

This workshop will help firms meet this deadline, familiarise staff with the Conduct Rules and help them to understand what is expected of them in the context of the work they do. 

Attending will enable delegates to:

  1. Recognise the Conduct Rules which apply to them
  2. Consider how the Conduct Rules apply to their specific job roles
  3. Identify issues and behaviours which could lead to a breach of the Conduct Rules.
  4. Understand the personal implications for individuals who breach a Conduct Rule, both now and in the longer term
  5. Ensure and demonstrate compliance with SMCR requirements

Who will benefit?

All staff subject to the Conduct Rules from 31 March 2021. The course is equally appropriate for established staff and for recent joiners. It is also suitable as a refresher for Senior Managers and Certified staff (who should have been trained on the Conduct Rules prior to 9th December 2019).  

Key topics:

  • The firm’s obligations for the Conduct Rules as part of the SM&CR
  • The Individual Conduct Rules and the Code of Conduct
  • An overview of the Senior Manager Conduct Rules
  • The Conduct Rules in the personal context of individual job roles
  • How to evidence compliance with the Conduct Rules
  • Implications of Conduct Rule breaches
  • Senior Managers Conduct Rules**

** The core agenda addresses the five Individual Conduct Rules and the Senior Managers Conduct Rules are only given a passing mention. For participants who are (or may soon be) approved as Senior Managers, there will be a short, supplementary session to look at the Senior Managers Conduct Rules in more detail. There will be no charge for this supplement which is offered to all participants. It will follow-on from the end of the main session after a short break and last approximately 20 minutes.

This course can be delivered in-house at a time and location to suit your business and tailored to suit your people and organisation. We can also create bespoke training when something very specific is needed.Please contact us to discuss your requirements in more detail and at no obligation.

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