2017 Training: Being Regulated by the FCA

Events | 23/01/17

Wednesday 8 March – Manchester
Wednesday 17 May – London
Wednesday 26 July – Birmingham

COURSE SYNOPSIS

This new introductory course marks the end of consumer credit interim permission application periods that ran until 31 March 2016. Obtaining authorisation was merely passing through of a guarded gateway, which allowed firms to proceed with their regulatory journey, a journey that will continue for as long as the firm carries out any regulated activity.

THE FACTS

New entrant consumer credit firms or those firms wishing to extend their permissions are required to be authorised by the FCA to carry out consumer credit activities and they will not be able to legally carry out those activities until authorised.

Once authorised, firms will need to demonstrate on an ongoing basis, through the FCA supervision regime and reporting requirements – that they meet, and will continue to meet, the FCA’s minimum regulatory standards and their high level principles. Firms should expect ‘testing’ of the information provided to the FCA in their application for authorization or extension of permissions.

COURSE AIMS

  • to provide delegates with an understanding of the obligations and effects of ‘being regulated’ by the FCA
  • to provide practical insights of how the FCA works with firms and the firms regulatory requirements as a regulated firm of the FCA.

COURSE CONTENT

An overview of being regulated by the FCA, including:

  • for new entrants to the market, the authorisation process and how it works in practice
  • the FCA framework (rules and guidance)
  • insights of being supervised by the FCA including the FCA’s general approach to supervision and their current supervision model
  • FCA enforcement methods, procedures and strategy.

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