Breathing Space Regulations apply to creditors whose debtors are eligible for an arrangement allowing them additional time to repay their debt. During this period, creditors need to suspend all actions related to this debt.
These regulations provide debtors with legal protection from creditors, allows for greater control over their financial situation and help to avoid unmanageable debt.
The Breathing Space Regulations Course is one of over 60 modules in our FCA Compliance Library. This library contains sector-specific versions for banking, investments and mortgages.
Our Breathing Space Regulations Course outlines the basis of these regulations, explains how to identify debtors who qualify for breathing space, and the required actions. Available as part of our comprehensive FCA Compliance Library, containing training modules which cover everything from high-level and conduct of business standards to thematic topics.
This course will prepare you to:
This course consists of 10 sections of content, including a course summary. There is an affirmation to indicate your understanding and compliance with guidelines. At the end of the course, there is an assessment containing multiple-choice questions based on the content.
- Why are these regulations needed?
- Eligibility for arrangements
- You make the call: Include in an arrangement?
- What do creditors need to do?
- Further obligations for creditors
- You make the call: Is it good practice?
- Scenario: Gerald
- Scenario: Jenny
Approximately 25 minutes followed by a 10-question assessment.
Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.
SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via client style sheet.
Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment by simply passing the assessment.
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.
Fully customisable on Skillcast Portal CMS.
Pre-translated versions not available, but all text content can be exported for translation into all languages.
Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.
We, as a firm, are very satisfied with the Skillcast training platform, its course design and its content. The online tools and guidance provided by the platform are super easy, enabling anyone to incorporate their own designed training modules with the help of course editor options.