Financial Services Compensation Scheme (FSCS) - The Essentials

Introduction

The Financial Services Compensation Scheme (‘FSCS’) is the compensation fund and associated mechanism for reimbursing certain types of customers of financial services firms in the event that those firms fail to pay claims made against them.

This bitesize webinar explores the legal and regulatory framework of the Financial Services Compensation Scheme, including its basis under Financial Services and Markets Act 2000 and the roles of the Financial Conduct Authority and Prudential Regulation Authority.

Whether you are a lawyer, compliance professional, FCA-regulated individual, or a financial services practitioner, this session will strengthen your understanding of the FSCS and its evolving role in protecting consumers and maintaining financial stability.

What You Will Learn

This short webinar will cover the following:

• Legal framework of the FSCS
• Relevant law as set out in FSMA 2000 and in PRA and FCA rules
• Senior management of the FSCS and accountability
• Funding of the scheme
• Coordination between regulators and the scheme
• Powers and legal duties of the FSCS
• Role of FSCS in the UK’s Special Resolution Regime
• Limits to FSCS compensation
• Eligible claimants
• Accountability of FSCS
• Specific issues
• Possible reforms of the regime

This pre-recorded webinar will be available to view from Friday 15th January 2027

Alternatively, you can gain access to this webinar and 2,400+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.