COBS - Client Categorisation Course

The Conduct of Business Sourcebook (COBS) applies to financial firms in the UK that deal with client investments. COBS rules cover client categorisation.

Client categorisation is based on the client's level of sophistication. This classification determines the degree of regulatory protection the client is entitled to and the types of investment products they can be offered. 

Our COBS for Client Categorisation Course explains the FCA Conduct of Business Rules for client categorisation in the investment business.

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COBS - Client Categorisation

About this Course

Available as part of our FCA Compliance Library.

Learning Objectives

This course will prepare you to:

  • Appreciate why we categorise clients
  • Recognise different client categories
  • Recognise the criteria and procedure by which certain clients can opt for re-categorisation
  • Identify and apply the record-keeping requirements

Course Outline

Welcome

What is COBS - Client Categorisation?

Why is it critical to categorise clients correctly?

Retail clients

Professional clients

- Elective professionals
- Exercise: Elective professionals

Eligible counterparties

Professionals opting down to retail

Exercise: Client categorisation

Client agreement

Record keeping

Summary

Affirmation

Assessment

FCA Course Library

Our FCA Course library of over 60 training modules covers everything from high-level and conduct of business standards to thematic topics, including treating customers fairly.

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Course Specifications

 

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Structure

Approximately 20 minutes followed by a 10-question assessment.

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Audience

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

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Design

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

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Test-Out

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 

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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.

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.