How to Conduct an FCA FIT and Proper Assessment

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Date/Time
Date(s) - 24/04/2023
10:00 am - 12:00 pm

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An essential part of the SM&CR rules is a requirement to conduct an FCA fit and proper assessment for relevant employees. This workshop shows you how. You are expected to conduct an FCA fit and proper assessments for all SMF (Senior Management Functions) and employees who perform a certification function.

Introduction
The introduction of the SM&CR regulations is, amongst other things, one of the biggest changes that firms need to address about their culture.  As well as bringing in a culture of accountability the FCA requires firms to ensure that employees are clear about the responsibilities that they carry as well as behave in a way that supports the firm’s values that underpin their culture. The expectations placed upon firms on how they conduct a fit and proper assessment of an individual has changed.  You will need to have clear standards against which individuals can be assessed.  These standards will demonstrate how behaviours link to company values and the regulators code of conduct.  The whole approach is evidence based and will be particularly challenging to employees who have never been subject to a T&C scheme and find themselves holding a Certification Function. Many existing T&C schemes will also contain structural weaknesses as they have failed to review how competence is managed and the correct way of building a portfolio of evidence.

2be Development Consultancy offers two online workshops which together cover all the content associated with this subject.

Each online workshop will last for 2 hours and will be facilitated using either Zoom or Teams software. Details below

The dates and sessions are as follows:-

Part One
24 April (TEAMS)
21 August (ZOOM)

Part Two
10 May (TEAMS)
30 August (ZOOM)

 

Who should attend? 
Anyone who would like to develop an understanding of how to conduct an FCA fit and proper assessment under the Certification Regime that will be capable of standing up to regulatory scrutiny.

Part One
To breakdown how to conduct an FCA fit and proper assessment into the component parts and fully understand what the FCA expect from each component
To be able to determine standards associated with Competence and how to perform a gap analysis

Part Two
To be able to detail the links between your culture and values and the FCA code of conduct
To be able to follow best practice when assessing a person’s Competence to ensure that when you conduct anFCA fit and proper assessment you fulfill the needs of your firm and the regulator.

How to book
To reserve a space at a workshop you must email office@t-cnews.com stating which one(s) you would like to attend.  You will receive a booking confirmation and a joining link nearer the workshop

You do not have to attend both workshops.  You can select which one(s) you would like to attend.

How much does it cost to attend?
The delegate price per event is £75+VAT.

 

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About Author

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I provide consultancy and support to UK based financial services companies helping them to design and implement practices that develop their people, achieve their business goals and comply with the needs of the regulators. I specialise in T&C, competence assessment and conduct which may be of particular interest to companies as they address the requirements of the Certification Regime and Code of Conduct requirements. My specialities include: Knowing you have a business to run Valuing your people as your greatest asset Keeping things simple, practical and relevant Engaging the business to promote ownership Ensuring Compliance is a natural by product of doing things well

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