Conflicts of Interest - A Guide For UK Financial Services
What you'll learn
- Definitions of conflicts of interests
- Identifying and recording interests
- The relevant legal framework surrounding conflicts of interests
- Conflicts of Interest and Ethical Threats
- Ethical Threats and Safeguards
- Rules - and principles-based approaches
- Ethical conflict resolution
- Gifts, sponsorship and hospitality
- Best practice
- How to make decisions on identified conflicts
- The risks around getting it wrong
- Tools for managing/Mitigating CofI
Requirements
- Must be a FCA registered individual
Description
Objectives
To be able to identify conflicts of interest effectively in a timely, professional and first-class manner
To appreciate the ethical approach to conflicts of interest and why it is critically important
To understand the legal and regulatory framework
To recognise the need for a clear line of communication between operations and senior management for managing conflicts of interest
To recognise good practice
To avoid poor, sloppy or ineffective management of conflicts of interest
Be able to define an effective and comprehensive conflicts of interest policy
Learn how to identify unexpected consequences or hidden conflicts of interest
Be able to identify the best response
Be able to create a clear and auditable method for managing conflicts of interest to ensure transparency
Think like a compliance professional and make sure you have all the right information
Who this course is for:
- FCA registered individuals
- FCA registered firms
- FCA authorised person
- FCA regulated businesses
- PRA regulated businesses
Course content
- Preview12:55
- 27:16Conflicts of Interest Part 2
- 23:20Conflicts of Interest Part 3
- 33:01Conflicts of Interest Part 4 - Final Part
- 00:46Thinking Like a Compliance Professional
Instructor
![Lee Werrell Chartered FCSI](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 3.7 Instructor Rating
- 14 Reviews
- 49 Students
- 3 Courses
Lee has worked with a range of organisations from small start-ups through to FTSE100 companies, many that have had difficulties identifying and managing governance, compliance and operational risk, and helped them develop effective, robust systems. He has adapted his experience from working with banks in the original Senior Managers and Certification Regime (SMCR) to develop this course and supporting materials with the practical skills based focus.
Lee has worked with many firms in the areas of regulatory change and uses his knowledge to provide you with the facts and workable solutions to the SMCR and it's implementation. Our clients include IFA networks and directly authorised firms, as well as insurers, asset managers, AIFMs, stockbrokers, banks, fintech start-ups, Claims Management Companies (CMCs), Consumer Credit Act companies (CCA) as well as call centres and a number of companies outside the financial services industry.
Lee’s skills, qualifications and experience make him ideal for supporting anyone wishing to develop top-class knowledge in the management of regulatory change.