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.

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COBS - Dealing & Managing

About this Course

Available as part of our FCA Compliance Library.

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 and allocation

Client limit orders

Record keeping: Client orders and transactions

Personal account dealing

Summary

Affirmation

Assessment

Course Specifications

 

Structure

Structure

Approximately 20 minutes followed by a 10-question assessment.

Audience

Audience

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

Design

Design

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

Compatibility

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.

Tailoring

Tailoring

Fully customisable on Skillcast Portal CMS.

Translation

Translation

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

Localisation

Localisation

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

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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FCA Course Library