Regulatory Compliance - FCA Requirements

Overview

Having effective systems of risk and control is paramount in meeting FCA requirements. An effective framework for governance is the foundation of sound conduct risk. The rest is down to culture and the right behaviours ensuring decision making is focused on treating customers fairly and a sustainable business model. This course looks at the central role approved persons have in this model, what is meant by systems of risk and control and how a lender in the consumer credit market ensures that it is compliant and that it takes adequate steps to make sure its brokers are too.

Learning objectives

At the end of this event, the delegate will be able to identify:

• what is expected from approved persons

• what is meant by systems of risk and control

• the relative responsibilities of brokers and lenders in CONC

• how lenders will take adequate steps to ensure their brokers comply with CONC

• how compliance is organised and delivered at PCL.

Bio:

Neil Lloyd has worked in the regulated financial services sector for over 18 years in various compliance roles within financial advice, investment and asset management. He has been involved and managed regulatory inspections undertaken by the Financial Conduct Authority and the Central Bank of Ireland, and has been an approved person for Compliance Oversight, MLRO and for Risk. He is the holder of a pre-approved control function with the Central Bank of Ireland and is currently Head of Compliance for UK & Ireland, and MLRO for Premium Credit Limited.

He holds an MBA from Durham University and is a Fellow of the Chartered Institute for Securities and Investment (CISI), a member of the Personal Finance Society and a Member of the Institute of Risk Management. He also sits on a number of examination panels for the CISI