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COBS - Dealing and Managing

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

Learning objectives

  • 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

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 & allocation

Client limit orders

Record keeping: Client orders & transactions

Personal account dealing

Summary

Affirmation

Assessment

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Your questions, answered

Financial Crime

Common FAQs

How can I log and track incidents of financial crime in my organisation?

Our Compliance Breach Register allows you to securely log and monitor incidents of financial crime, such as bribery or money laundering. The tool enables you to track resolution progress and maintain a clear audit trail, ensuring accountability and compliance with regulatory requirements.

How can I ensure my employees understand and comply with our internal policies in relation to financial crime?

Our Policy Hub enables you to distribute policies such as your Anti-Money Laundering (AML) policy to employees, track acknowledgements, and send automated reminders. This ensures everyone understands their obligations and helps you maintain compliance with financial crime regulations.
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A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

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