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.
Available as part of our FCA Compliance Library.
This course will prepare you to:
- Step 1: Obtain information
- Step 2: Assess suitability
- Step 3: Provide a suitability report
- Client scenario - 2
- Client scenario - 3
- Client scenario - 4
Approximately 20 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.
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.