During a recent workshop, the FCA commented on SM&CR training. They do not believe that some e-learning or short generic training meets their requirements.
We believe that this is primarily a reference to the need for all staff to understand the intention of the SM&CR to move firms to a culture of accountability at all levels. Accordingly, Conduct Rules training should include the opportunity for individuals to identify how these apply to their own organisation and, in particular, to their role within the organisation.
Consumer Credit: FCA Deadline & Do I Need Permissions?
Steve Bailey Compliance 2014, FCA, Mortgage
The deadline for full transition to the FCA is nearly upon us. Have you applied and are you confident of the requirements?