Approved Persons Training Course

Senior Managers obtain approval to carry out a Senior Management Function (SMF) from the FCA. The Statements of Principle and the Code of Practice for Approved Persons still apply to Appointed Representatives (AR).

Our Approved Persons course outlines how the FCA's Approved Persons regime (APER) applies to you as an Appointed Representative of the Firm.

About this Course

Available as part of our FCA Compliance Library.

Learning Objectives

This course will prepare you to:

Know the purpose of the Approved Persons Regime (APER)
Recognise what the controlled functions in the Firm are
Understand the fitness and propriety assessment criteria
Understand the Statements of Principles for Approved Persons and the Codes of Practice

Course Outline

Welcome

What are the controlled functions?

- Exercise: Controlled functions

Assessing fitness & propriety

- Honesty, integrity and reputation
- Competence and capability
- Financial soundness
- Exercise: Assessing fitness and propriety
- Fit and proper: Enforcement

Statements of Principle

- Code of Practice

Principle 1: Integrity

- You make the call: Is it a violation of Principle 1?

Principle 2: Due care and diligence

- You make the call: Is it a violation of Principle 2?

Principle 3: Market conduct

- Exercise: Principle 3
- You make the call: Is it a violation of Principle 3?

Principle 4: Dealing with Regulators

- You make the call: Is it a violation of Principle 4?

Principle 5: Effective control of business

- You make the call: Is it a violation of Principle 5?

Principle 6: Due care and diligence in managing

- You make the call: Is it a violation of Principle 6?

Principle 7: Compliance with regulatory requirements

- You make the call: Is it a violation of Principle 7?

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 40 minutes followed by a 10-question assessment.

Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via client style sheet.

Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.