Conflicts of Interest in Asset Management

The FCA outlines its expectations that asset management firms establish and maintain an effective framework to identify, control and review conflicts of interest.

In asset management, conflicts of interest can arise between different sets of clients, interests of a firm and those of a client or between personal interests of an asset manager and that of a firm or a client.

Our Conflicts of Interest in Asset Management Course explains how conflicts of interest may arise and best practice for managing them.

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 what conflicts of interest are and how they are manifested in the asset management business
Know how to identify conflicts of interest
Understand how to manage conflicts of interest
Comply with the required systems and controls for managing conflicts of interest

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 are Conflicts of Interest in Asset Management?

Why are conflicts of interest important?

MiFID II

What are conflicts of interest?

- How to detect conflicts of interest
- Exercise: Conflicts of interest

Red flags

- Conflict scenario 1
- Conflict scenario 2
- Conflict scenario 3
- Conflict scenario 4
- Conflict scenario 5

Managing conflicts of interest

Exercise: Managing conflicts

Scenario: Priority of transactions

- No perceived price impact
- Pre-existing intentions

Scenario: Aggregation

Scenario: Systems & controls

- Valuation errors
- Fair treatment in resolving errors

Scenario: Double charging

- Firm's participation in the trust

Scenario: Incentive-schemes

Scenarios: Gifts & entertainment

Scenarios: Outside business interests

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 30 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.