Principles for Businesses Course

The FCA's Principles for Businesses apply to all financial services firms in the UK regulatory system. Dual-regulated firms will need to be mindful of the Prudential Regulation Authority's Fundamental Rules.

Whether a firm is solo or dual-regulated, the FCA's Principles for Businesses encompass the main dimensions of the conduct standards set out for all firms.

Our Principles for Businesses Course explains the FCA's Principles for Businesses that apply to financial services firms in the UK.

About this Course

Available as part of our Insurance and FCA Compliance Libraries.

Learning Objectives

This course will prepare your employees to:

Recognise the purpose of the Principles for Businesses
Know the Principles for Businesses and how they apply to different types of clients
Appreciate the consequences of breaching the Principles

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 Principles for Businesses?

- Fundamental Rules
- Different objectives

Why are the Principles for Businesses growing in importance?

What do the Principles mean?

- Exercise: Principles for Businesses

Putting the Principles into practice

- Principle 1: Integrity
- Principle 2: Skill, care & diligence
- Principle 3: Management & control
- Principle 4: Financial prudence
- Principle 5: Market Conduct
- Principle 6: Customers' interests
- Principle 7: Communications with clients
- Principle 8: Conflicts of interest
- Principle 9: Customers: relationships of trust
- Principle 10: Clients' assets
- Principle 11: Relations & regulators
- Principle 12: Consumer Duty

Outcome-focused regulation

Comparing the Principles with the Conduct Rules

Consequences of breaching the Principles

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 20-minute long e-learning course 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 a 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.