SMCR Certified Persons Conduct Rules Training Course

The FCA categorises a number of Senior Management Functions (SMFs). But other roles could still cause significant harm to a firm or its customers. Those who carry out these roles are deemed as Certified Persons.

Certified Persons do not need to be approved by the FCA, but firms need to check and certify that they are fit and proper to perform their role. This has to be done at least once a year.

A cornerstone of the regime is a set of six Individual Conduct Rules that apply to all individuals working in financial services.

This SMCR Conduct Rule course helps your Certified Persons to learn about these rules, their contraventions and their application in practical situations.

SMCR Conduct Rules Training for Certified Persons

About this Course

Available as part of our SMCR Course Library.

Learning objectives

This course will help your Certified Persons to understand:

Recall the Financial Conduct Authority (FCA) Conduct Rules
State to whom the FCA Conduct Rules apply
Explain how the FCA Conduct Rules apply in practice
Describe how you will comply with the Conduct Rules in your role
Describe when the FCA might take action for non-compliance with the Conduct Rules

Latest course updates

Major revision and update of course
Adapted to incorporate the FCA's Consumer Duty
Addition of a sixth Individual Conduct Rule

Course Outline

Introduction

What are the Conduct Rules for Certified Persons?

The Senior Managers & Certification Regime

- What are the Conduct Rules?

Individual Conduct Rule 1: Integrity

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 1: Key takeaways

Individual Conduct Rule 2: Due skill, care & diligence

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 2: Key takeaways

Individual Conduct Rule 3: Cooperation with regulators

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 3: Key takeaways

Individual Conduct Rule 4: Customers' interests

-Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 4:Key takeaways

Individual Conduct Rule 5: Market conduct

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct 5: Key takeaways

Individual Conduct Rule 6: Consumer Duty

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule: Key takaways

Handling potential breaches

Serious consequences

- In the news: Regulatory repercussions

Additional rules for Senior Managers

Summary

Assessment

Course Specifications

Structure

Approximately 25-minute long e-learning course followed by a 12-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 your 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.