COBS - Dealing & Managing Course

The FCA Conduct of Business Sourcebook (COBS) applies to financial firms in the UK. COBS rules cover dealing and managing in the investment business.

Dealing and managing refers to actions related to client investments. These rules aim to ensure that the best outcome for clients is achieved.

Our COBS for Dealing and Managing Training Course explains the FCA's Conduct of Business Rules, focusing on best execution, order aggregation and the use of dealing commissions.

About this Course

This SCORM-compatible course is part of our FCA Compliance Library.

The library is available in the Skillcast Standard plan for larger companies or Skillcast Basic plan for those with under 50 learners.

Learning Objectives

This course will prepare you to:

Explain best execution
Recognise our execution policy and procedures for client order handling, including order of execution, aggregation and allocation
Understand the prohibitions on the use of dealing commission and personal account dealing
Identify and apply the record-keeping requirements

Latest Course Updates

Course redesigned with a more modern feel
Full review conducted by an FCA expert
Text & image updates throughout the course

Course Outline

Welcome

What is COBS - Dealing & Managing?

What is best execution?

- Exercise: Best execution factors

Recording telephone & electronic communications

Execution policy & procedures

Execution procedures

Have you understood?

Client order handling

Aggregation & allocation

Client limit orders

Record keeping: Client orders & transactions

Personal account dealing

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 20 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.