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Certificated
NEW CISI Financial Regulation and Compliance FC017
Location: UK EMEA GCC Time Zones
First Date: Apr 22 - 24 2024
Duration: 3 days including 1/2 day mock exam
Programme Director: Dennis Cox FCA FCISI FISRM AIIA BFP BSc
All Dates & Locations
Venue Details
Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.
All our 2024 Live, Face to face and Virtual Classroom events feature multi-media presentations, shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.
Need to bring this course in-house or Face-to-face? Simply contact us for significant cost savings and dates to support your business and professional development goals.
"'I did not know anything about this topic when I began - then I passed the exam the first time with 100%! Thank you.'"Risk intern, Saudi industrial
Agenda Highlights
Day 1: The Regulatory Framework
Day 2: The FCA Handbook and PRA Rulebook of Rules and Guidance
Day 3: Regulation relating to the Takeover Code, Listing Rules, Whistleblowing and Financial Crime
Day 4: the Regulation of Markets and Exchanges
Day 5: Consultative, pending and future regulations
"'Did not realise we could train and certify an entire department.'"Investec, South Africa
Overview
Developed specifically for compliance professionals wanting to pursue a senior management role, this new 3- day comprehensive course prepares practitioners for senior roles in compliance in a financial institution.
The unique short-course programme covers the regulatory framework of the financial services industry, including participants’ legal and ethical constraints, principles and policy.
With a brief historical background and context, the course content follows the CISI syllabus, is comprehensive and relevant, up-to-the-minute coverage of regulatory, specialist and advanced aspects of compliance for practitioners worldwide with interests in the UK and European financial regulation.
Candidates for the CISI Diploma in Investment Compliance/Regulation and Compliance Professional Level 6 module are encouraged to add formal training by an approved training partner as they prepare for the twice-yearly narrative exam.
"'Excellent course. I learned a great deal and the trainer did a great job adapting to the on-line delivery method for the course.'"FDIC, Arlington, USA
Who Should Attend
Designed primarily for compliance professionals seeking knowledge of the UK and European financial services sector; recent delegates have included those from IT, legal, HR and software vendors.
All delegates who complete the course will receive a Certificate in Regulation and Compliance accredited by Risk Reward Ltd as an Approved Training Partner to the CISI since 2008.
- Candidates for the CISI certificate Professional Level 6 must sit the CISI narrative exam offered twice yearly (June and November ) and achieve an 86% pass mark to earn the CISI qualification.
- 99% of all delegates who sat a CISI exam after completing a Risk Reward preparatory course achieved a 87% pass mark after the first exam.
Additional Course Information
What Does It Cover?
THE REGULATORY FRAMEWORK
Objectives
To gain knowledge and understanding of the regulatory framework of
the financial services sector, including the roles of the regulators in relation to the
major London markets, both as currently organised and incorporating planned
future changes.
A. UK Statutory Structure
Financial Services and Markets Act 2000
Part I (the regulators)
Part II (regulated and prohibited activities)
PART III (AUTHORISATION AND EXEMPTION)
Part IV (permission to carry on regulated activities)
Part VIII (penalties for market abuse)
Part X, chapter 1 (rule making powers)
Part XIV (disciplinary measures)
Part XXV (injunctions and restitution)
Part XXVII (offences
Carrying on Regulated Activities by way of business order
Regulated Activities Order
Regulated Activities Order (PRA)
Financial Promotions Order
Collective Investment Schemes: Section 235/8 & 240/241
Prescribed markets & qualifying Investments order (2001)
Bank of England Act 1988
Banking Act 2009
Financial Services Act 2010
Financial Services Act 2012
Financial Services (Banking Reform) Act 2013
B. EUROPEAN FINANCIAL SERVICES REGULATION
Historical background
Financial Services Action Plan
Home and Host state regulation including passporting
Revised institutional structure
Directive and regulation implementation
Future regulatory developments
THE FCA HANDBOOK AND PRA RULEBOOK OF RULES AND GUIDANCE
To demonstrate a knowledge and understanding of the FCA’s Handbook and PRA’s
rules and guidance as applicable to investment business conducted in the UK
A. High level standards
PRIN Principles for Businesses
SYSC Senior Management Arrangements, Systems and Controls
COND Threshold Conditions
APER Statements of Principle and Code of Practice for Approved Persons
FIT The Fit and Proper Test for Approved Persons
GEN General provisions
COCON Code of Conduct
PROD Product Intervention and Product Governance sourcebook
B. Business standards
COBS Conduct of Business Sourcebook
CASS Client Assets Sourcebook
FINMAR Short Selling
TC Training and competence
C. Regulatory processes
SUP Supervision
DEPP Decision Procedure and Penalties Manual
D. Redress
Dispute resolution & complaints
DISP 1 & 2 Complaint handling procedures for firms & eligible complainants
COMP Compensation
E. Regulatory Guides
The Perimeter Guidance Manual
PERG 2 Authorisation and regulated activities
PERG 8 Financial promotions and related activities
OTHER REGULATORY PROVISIONS
Objective
To gain knowledge and understanding of a selection of regulatory provisions relevant to UK firms and individuals.
A. Takeover Code
General principles
Role and function of the Takeover Panel
B. FCA Listing rules
C. Market Abuse
Insider Lists
Stabilisation
Insider dealing
Legitimate behaviour
Market Soundings
Market Manipulation
Investment recommendations
Accepted market practices
D. Insider Dealing
Part V and Schedule 1 of the Criminal Justice Act 1993 and regulations made thereunder
E. Money Laundering
F. UK Bribery Act 2010
G. Whistleblowing
H. Benchmarks
I. Data Protection Act 2018 & the Information Commissioners’ Office
(General Data Protection Regulation)
THE REGULATION OF MARKETS AND EXCHANGES
Objectives
To gain knowledge and understanding of the main dealing and reporting rules
of the major securities and financial derivative exchanges and some of the major
characteristics of and differences between a variety of regulated markets, including other
developments in the area of payment and market infrastructure.
Regulation of:
Recognised Investment Exchanges (RIE)
Designated Investment Exchanges (DIE)
Recognised Overseas Investment Exchanges (ROIE)
Multilateral Trading Facilities (MTFs)
Organised Trading Facilities (OTFs)
Systematic Internalisers (SIs)
CURRENT PENDING AND REGULATORY DEVELOPMENTS
Delegates will discuss up to date UK and international regulatory developments, specifically of any significant directly applicable European measures in the financial services area.
Learning Objectives
By the completion of this course delegates will have gained specialist technical and behavioural knowledge and its application in real world workplace scenarios, specifically the current UK and European rules and regulations as they relate to
- Standards, Guidance, Rulebooks
- Regulatory Processes & Codes of Conduct
- Business Standards, the Board and Senior Management
- Complaints, Dispute resolution, Penalties
- Listing rules
- Insider Dealing, Market Abuse, Money Laundering, Whistleblowing
- Overseas Investments
- Current trends and looking to the future of regulation
Delegates who complete the course will receive a Certificate with equivalent CPD/CPE credits via email; and for those who require an assessment as a demonstration of competency via training a 20 multiple-choice questions and answers quiz, remotely invigilated with results report and 1 resit, is available at no additional charge when requested at time of reservation.
Social Learning & Methods
Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.
(An invitation via email with access link is included for all participants.)
CISI Candidates please note: A CISI workbook is required to be purchased when booking this course and each exam. This is to ensure there is one standard workbook from which all exam candidates can prepare. You can also choose to purchase CISI elearning to support your exam preparation. CISI materials may be purchased online directly or through the Risk Reward Client Service Excellence Team and please remember to budget for this additional to the training price. For more information please visit cisi.org
Registration
NEW CISI Financial Regulation and Compliance
Course Fee
Apply 10% discount code RISK10 by December 15, 2023 at check-out
Course Fee (per person):
GBP £2,995.00 (+ UK VAT when applicable)
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