Third Party Due Diligence - What the FCA Expects

Introduction

This new full day in-person course will explore due diligence within the financial services sector for FCA authorised firms.

The course assumes some prior experience of the due diligence process and is aimed at those who wish to bolster their knowledge in line with the FCA’s expectations.

It will also look at the FCA’s expectations in line with the Consumer Duty.

The course will include practical examples of what good due diligence ‘looks like’ and the interactive session will allow you to align the due diligence process to your own business environment.

What You Will Learn

This course will cover the following:

• The definition of due diligence within the financial services environment
• Why robust due diligence is crucial
• How to undertake background checks on third parties
• Outsourcing and covering all bases
• Appointed Representatives and due diligence
• How to incorporate due diligence checks within your compliance framework
• How to ensure alignment with the Consumer Duty
• The difference between good and poor practice
• The risks of poor practice
• What to do if it all goes wrong