Financial Services Compensation Scheme - What You Need to Know

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.

The legal basis for the FSCS’s creation and operation are set out in Part 15 of the Financial Services and Markets Act 2000.

This new virtual classroom seminar will provide an in-depth look at the legal and regulatory framework governing the FSCS and explore how firms and their advisers interact with it in practice.

Whether you are a lawyer, compliance professional, FCA-regulated individual, or a financial services practitioner, this session will equip you with essential knowledge to understand the FSCS’s impact on your work and your clients.

What You Will Learn

This live and interactive course will cover the following:

• The nature of the various bodies that are responsible for the compensation scheme and their role and remit
• The financing of the FSCS and how levy obligations are calculated
• Those entitled to compensation from the FSCS and how their compensation is assessed
• Obligations of authorised firms with respect to the FSCS
• Challenging decisions made by the FSCS
• The assignment of claims
• Strategic importance of the FSCS when firms are failing
• The future of the FSCS, and how it might change

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.