FCA compliance training is an essential part of ensuring that everyone who is employed in a financial services firm is competent to do their role. Competence requirements differ depending on the nature of the role and the FCA has detailed rules regarding training and competence which have to be observed in order to ensure compliance.
The FCA has three concepts relating to training and competence:
• Attaining competence
• Maintaining competence
• Record keeping
Management information arising from training and competence should be used as part of the firm’s human resource decision making, and can be an indicator of root causes of compliance problems.
You can find out more about training and competence obligations by reading the FCA website or by downloading our free guide below.
We’re experts in FCA compliance training; our team consists of ex-regulators, legal practitioners and industry professionals which is why we’ve been chosen by thousands of firms to assist them with their compliance.
If you need help in ensuring your firm meets its training and competence requirements speak to one of our experts today for confidential and no obligation advice.