UK Money Markets Code Training Course

The UK Money Markets Code provides a set of principles to promote the integrity and effective functioning of the UK money markets. This code sets out the expectations of those who participate in the UK markets.

It applies to the execution of transactions in the deposit markets and the repo market, and securities lending transactions (which together constitute the 'UK market').

Our UK Money Markets Code Course introduces the Code and how to comply with it to promote market integrity.

About this Course

Available as part of our FCA Course Library.

Learning Objectives

This course will prepare your employees to:

Understand what the UK Money Markets Code is and how it applies to your role as a UK market participant
Follow the Code's high-level principles and behave in a way that promotes the integrity and effective functioning of the markets
Safeguard all participants' interests when using unsecured money markets
Follow the highest standard of market behaviour while being active in the repo market
Act appropriately when lending or borrowing securities

Course outline

Welcome

Chapter 1: What is the UK Money Markets Code?

- Who does the Code apply to?
- Who is a UK market participant?
- High-level principles
- Proportionality
- Diversity and inclusion
- How does the Code apply?
- The Senior Managers and Certification Regime
- Ethics
- Conflicts of interest
- Ethical standards and competence
- Know your counterparty and dealing relationships
- Business continuity
- Sharing confidential information
- Scenario: Attending an event
- Communications
- Execution
- Working remotely
- Confirmations
- Settlement
- Scenario: Failed trade
- Failed trades
- Post trade

Chapter 2: Unsecured money markets

-Brokers
- Scenario: Firmness of quotation
- Firmness of quotation
- Scenario: Agreeing a trade
- Scenario: Brokerage amounts
- Commission/brokerage
- Electronic trading
- Settlement of differences

Chapter 3: Repo

- Coverage of the Code
- Standards
- Central clearing counterparties
- Authority and capacity
- Agents
- Brokers
- Margin

Summary

Affirmation

Assessment

Course Specifications

Structure

Approximately 60-minute long e-learning course followed by a 11-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.