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.
- 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
What can you expect your employees to learn?
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
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