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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.

Start your trial Course details
  • 30 Minutes
  • All staff
  • Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.
  • FCA Compliance Library

Learning objectives

  • 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

    What can you expect your employees to learn?

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

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What other tools are needed beyond training?

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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