Principles for Businesses Course

The 11 FCA 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 Business Course explains the FCA's 11 Principles for Businesses that apply to financial services firms in the UK.

About this Course

Available as part of our FCA Compliance Library.

Learning Objectives

This course will prepare your employees to:

Recognise the purpose of the Principles for Businesses
Know the 11 Principles for Businesses and how they apply to different types of clients
Appreciate the consequences of breaching the Principles

Course outline

Welcome

What are Principles for Businesses?

Purpose of the Principles for Businesses

- Principles-based regulation

The statement of the Principles

- Exercise: Principles for Businesses
- Comparing the Principles with the Conduct Rules

Client categorisation

- Exercise: Types of clients

Treating Customers Fairly

- TCF outcomes
- Exercise: TCF

Conduct Risk

Scope outside the UK

- Impact of MiFID

Consequences of breaching the Principles

- Enforcement actions

Summary

Affirmation

Assessment

Sample Course Pages

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.

Test-Out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply bypassing the assessment.

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

Fully customisable on Skillcast Portal CMS.

Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

Localisation

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