Regulation and Compliance - The Fundamentals For General Insurance - ZISHI

Regulation and Compliance – The Fundamentals For General Insurance

This intensive, hands-on course will help you get your head around the fundamentals, giving you a thorough grounding in UK financial services regulation, particularly in the area of insurance. You’ll learn to think like a regulator, and to avoid making compliance mistakes.

CPD:

6 CPD Hours

regulation-and-compliance-the-fundamentals-for-general-insurance

Course available in-house:

Yes

Price per person (Ex. VAT): Provided on request

KEY OUTCOMES

Stay one step ahead

Work with greater efficiency

Get on the fast track to success

Safeguard your firm (and its reputation)

COURSE OVERVIEW

Get to grips with complex regulation and protect you and your firm from regulatory failures

The buying public’s confidence in the Financial Services industry was shattered by a series of scandals that emerged during the ‘noughties’. As a result, Governments have introduced comprehensive and radical regulation as a way of rebuilding trust.

For small businesses the scope of the new rules can seem daunting, and for new staff in the sector it’s hard to know where to begin.

But poor compliance causes more than just a regulatory headache. It can ruin a firm’s reputation, devastate its balance sheet and cause untold harm to consumers. Breaking the rules can also lead to personal liability (at all levels in the firm).

Get expert guidance on:

  • The UK’s regulatory structure
  • The Senior Managers and Certification Regime (SM&CR)
  • The Conduct of Business rules (Tiers 1 and 2)
  • Financial crime issues including anti-money laundering and bribery
  • Changes to the Client Assets Sourcebook
  • Complaints and redress procedures

 

This practical course is of particular value to new starters in the insurance sector, or those who simply wish to extend their understanding of this important aspect of professional life.

The Course Agenda

The structure of regulation

  • An introduction to regulation
  • The Financial Services and Markets Act 2000
  • The FCA and PRA
  • Regulated activities and insurance
  • An overview of the principles for businesses
  • Senior management systems and controls

 

Authorisation

  • Understand the routes to authorisation
  • Learn who can be excluded from authorisation

 

The FCA’s approach to regulation

  • Statutory and operational objectives

 

SM&CR

  • What is SM&CR?
  • What is the Fit and Proper Test?
  • How do the approval and certification processes work?
  • Performing controlled functions

 

Conduct of Business rules

  • An introduction to client categorisation
  • Understanding inducements
  • Rules regarding financial promotions
  • Assessing demands and needs

 

Client money rules

  • The Client Assets Sourcebook (CASS)
  • Accountability and record-keeping

 

Financial rules

  • Meeting prudential standards
  • The EU’s Capital Requirements Directives

 

Complaints, enforcement and redress

  • What is a complaint?
  • Understanding procedures and timescales
  • The Financial Services Compensation Scheme
  • The Financial Services Ombudsman
  • Penalties

 

Money laundering

  • What is money laundering?
  • Legislation and offences
  • Carrying out due diligence

 

Recent developments

  • Expert guidance on the latest announcements, consultation papers and enforcement

If you have any questions about this course, please feel free to get in touch via email on info@thezishi.com or by calling 01908 395243.

This intensive, hands-on course will help you get your head around the fundamentals, giving you a thorough grounding in UK financial services regulation, particularly in the area of insurance. You’ll learn to think like a regulator, and to avoid making compliance mistakes.

CPD:

6 CPD Hours

regulation-and-compliance-the-fundamentals-for-general-insurance

Course available in-house:

Yes

Price per person (Ex. VAT): Provided on request

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