The FCA provides guidance that all firms should consider having a T&C scheme. Even for those employees who perform activities that fall outside the scope of Appendix 1 of the T&C sourcebook should be considered.
All T&C schemes can and do become less effective if they are not reviewed periodically.
This video sets out how you can design then undertake a review of your own T&C scheme
It’s straightforward enough to set up a review for what’s there. It is more challenging to check up on what’s not there
Outcomes
To know what a T&C scheme comprises
To identify the triggers of a T&C scheme review
To set the objectives of a T&C Review
To determine the standards and measures used during the review
To identify the sources of evidence to be used
To conduct a review
To structure your review report and ratings
To present your report
To facilitate action planning
Session resources
