Conduct of Business Rules - A Guide for Financial Services Professionals
This new full day course will help you to understand the impact of Conduct of Business Rules (‘COBS’) as it applies to different types of investment business.
Examples will be given as to what constitutes good, adequate or poor compliance. The course will focus on COBS and not the specialist rules such as ICOBS.
The course is aimed at financial services professionals with some familiarity with the aims and tools of FCA regulation. It would also suit advisors, such as lawyers and accountants, who have financial services providers as clients.
Please note that the course will focus on COBS and not the specialist rules such as ICOBS.
What You Will Learn
This course will cover the following:
- Why are the conduct of business obligations structured in the way they are?
- What is their purpose?
- What types of firm are required to comply? How do the obligations to comply vary depending on the types of business of the firm?
- What are the different categories of ‘client’ affected by the rules and why does it make a difference?
- How do the COBS interact with other rules?
- The Rules
- What activities are covered? What does COBS require in relation to those activities?
- What are the key rules and how might firms demonstrate compliance with such rules?
- Pre-relationship obligations
- During relationship obligations
- Can the rules be waived?
- Breach of the Rules
- What are the consequences of breaching the rules? Is there a litigation risk? (e.g. Abdullah v Credit Suisse and Parmar v Barclays)
- What should firms do if they consider they have breached the rules?
- Future of the COBS
- How might COBS be impacted by Brexit?
9:30am - 5:15pm
9:30am - 5:15pm
Please let us know if you wish to be notified when new dates are added for this programme