UK Financial Regulations

Course Overview 

This in-depth course will provide you with knowledge of the laws and regulations that govern the UK’s financial markets and the best way in which to carry out business in the country.

This training programme will cover the UK’s regulatory environment, The Financial Services and Markets Act 2000 and Financial Services Act 2012, any associated laws and regulations, The FCA Conduct of Business Sourcebook/Client Assets, and the complaints and redress process.

Ultimately, this course will prepare you to sit the exam of the Chartered Institute for Securities & Investment (CISI) on UK Financial Regulation.

The operational and regulatory environment for both financial institutions and directly correlated professionals like lawyers, accountants and auditors has never been tougher. All those professions and markets are co-ordinated and supervised by regulators to avoid market distortions and potential “chain reaction” deriving from a failure to handle them and treat them fairly and with professionalism.

Training Objectives

Participants of the programme will be able to:

• Identify the role of the FCA and PRA in the UK’s financial market.
• Understand the UK’s regulatory infrastructure including The Financial Services and Markets Act (2000) and Financial Services Act (2012).
• Assess and relay information on regulations relating to market abuse, insider dealing, money laundering, market manipulation, bribery, corruption, and more.
• Have a good command of the FCA Conduct of Business Sourcebook and how to handle clients.
• Understand and apply the appropriate complaints and redress processes.

Training Outline

The Regulatory Environment

• The Role of the FCA and PRA
• The Regulatory Infrastructure

The Financial Services and Markets Act 2000 and Financial Services Act 2012

• Regulated and Prohibited Activities
• Performance of Regulated Activities
• Information Gathering and Investigations
• Regulated Activities

Associated Legislation and Regulation

• Market Abuse
• Insider Dealing
• Market Manipulation
• Money Laundering and Financial Crime
• Bribery and Corruption
• Record Keeping Requirements
• Disclosure and Transparency rules
• Transaction and Trade Reporting
• Data Protection Act 2018
• Relevant European Regulation
• Prudential Standards

The FCA Conduct of Business Sourcebook / Client Assets

• The Application and General Provisions of the FCA Conduct of Business Sourcebook
• Accepting Clients
• Communicating with Clients, Including Financial Promotions
• Suitability
• Product Disclosure and the Client’s Right to Cancel
• Dealing and Managing
• Reporting to Clients
• Client Assets

Complaints and Redress

• Customer Complaints

Who Should Attend

The course is ideal for professionals within the financial services sector, and will be of particular benefit to:

• Anyone wishing to be introduced to the main regulatory provisions in the UK financial services.
• Also suitable for professionals pursuing regulatory CPDs in financial regulation.
• Individuals interested in pursuing one of CISI’s qualification pathways.

Industry Expert | Christiana Vasiadou

Christiana Vasiadou has more than 25 years of experience in the financial services sector. During this time, her focus has been on private banking, wealth management, compliance, and corporate governance for a wide range of financial institutions and financial service providers in Cyprus and the United Kingdom.

Her skills and expertise include regulatory compliance, AML, operational and corporate governance of UK and EU regulated financial institutions, handling MiFID II, EU and UK regulations and communication with pertinent regulatory authorities, FCA licence application processes, drafting and implementing compliance policies and procedures including product governance frameworks and GDPR, and investment advisory and discretionary asset management.

Christiana has a degree in Civil Engineering from Princeton University in the United States, and has received advanced certifications from the Chartered Institute for Securities and Investment (CISI) in Global Financial Compliance and Investment Advice, from the University of Nicosia in Digital Currencies, and from the Cyprus Securities and Exchange Commission (CySEC). She also serves as a Board Member of CISI’s Cyprus chapter.