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.

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Conflicts of Interest in Asset Management

About this Course

Available as part of our FCA Compliance Library.

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 implementation

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

Scenario: Gifts & entertainment

Scenarios: Outside business interests

Summary

Affirmation

Assessment

Course Specifications

 

Structure

Structure

Approximately 30 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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