COBS - Suitability Course

The FCA Conduct of Business Sourcebook (COBS) applies to finance and investment firms in the UK. COBS covers assessing product or service suitability for clients.

If a firm provides advice or manages the investments/assets of a retail client or pension scheme, a suitability assessment is required. The assessment takes into account the needs and risk capacity of retail clients. 

Our COBS for Suitability Training Course explains the FCA's Conduct of Business Rules for advising and dealing with customer investments on a discretionary basis.

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COBS - Suitability

About this Course

Available as part of our FCA Compliance Library.

Learning Objectives

This course will prepare you to:

  • Recognise what the suitability test is and when the test should be applied
  • Know how suitability is assessed
  • Know what to do if the suitability test fails
  • 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 - Suitability?

What is suitability, and when is it required?

How is suitability assessed?

- Step 1: Obtain information
- Step 2: Assess suitability
- Step 3: Provide a suitability report

Record keeping

Client scenario

- Client scenario - 2
- Client scenario - 3
- Client scenario - 4

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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