This eLearning course provides a current, comprehensive overview of the Financial Conduct Authority (FCA), the UK's principal financial services regulator. It is designed for anyone working in or with the financial services sector who needs to understand the FCA's role, the frameworks it oversees, and the expectations it places on regulated firms and individuals.
The course begins by explaining the role and purpose of the FCA and introducing its key committees and governance structures. It then sets out the key regulatory frameworks that firms must navigate, giving learners a clear understanding of the landscape in which they operate.
A significant focus of the training is the Senior Managers & Certification Regime (SM&CR), explaining how it works, the responsibilities it places on senior individuals, and the importance of personal accountability. The course also covers the FCA's Principles for Businesses — the fundamental rules that underpin all regulated conduct — and shows how they apply in practice.
Finally, the training addresses the FCA's powers and approach to enforcement, including the circumstances in which the FCA may take action against firms and individuals and the range of sanctions available. Upon completion, learners will have a solid, up-to-date understanding of the FCA and their obligations as regulated persons.
