Key Details

Duration: 3 Hours

Delivery method: In-house

Overview

The FCA’s Conduct of Business (COBS) rules impose detailed obligations on firms that carry out regulated investment business. This course provides an overview of the most important aspects of the rules, specifically client categorisation, communicating with clients (including financial promotions), suitability and appropriateness and best execution. Examples and case studies...

The FCA’s Conduct of Business (COBS) rules impose detailed obligations on firms that carry out regulated investment business. This course provides an overview of the most important aspects of the rules, specifically client categorisation, communicating with clients (including financial promotions), suitability and appropriateness and best execution. Examples and case studies are used to ensure participants understand the practical application of the rules, as well as the potential implications of failure to meet the regulatory obligations.

Who is this for?

This course is designed for anyone working within with a firm that is subject to the COBS rules. It is particularly suitable for those responsible for managing or monitoring relevant business areas. This could include:

  • Senior Managers
  • Compliance Officers
  • Auditors
  • ‘Front office’ staff such as Investment Advisers and Portfolio Managers
  • Client categorisation
  • Client’s best interest rule
  • Inducements
  • Information disclosure
  • Financial promotions
  • Suitability and appropriateness
  • Client reporting
  • Best execution

After attending this course, participants will:

  • Know the principal areas covered by the Conduct of Business rules (COBS)
  • Have an understanding of the general application of COBS
  • Understand the significance of the ‘client’s best interest’ rule
  • Have basic knowledge of the rules relating to the following:
    • Client categorisation
    • Inducements
    • Information disclosure
    • Financial promotions
    • Suitability and appropriateness
    • Client reporting
    • Best execution