Training and Competence and the Senior Manager and Certification Regime
The Financial Conduct Authority (FCA) encourages the firms that it regulates to adopt a risk based approach, identifying areas of risk and taking appropriate action to reduce those risks. A key element, possibly the most important element in reducing risk, is to ensure that every member of a regulated firm achieves, maintains and improves competence in their role. There is a common misconception that only authorised personnel in a regulated firm are of interest to the FCA. This is quite untrue. The Regulator is, quite rightly, extremely concerned that every member of a firm achieves and maintains levels of competence appropriate to their role. Our Compliance Consultants are well experienced to design and deliver effective solutions for you.
Haven Risk Management consultants have experience in reviewing and assessing individuals to demonstrate competence and adherence to the Senior Manager and Certification Regime requirements. Training, monitoring and guiding the official supervisors within the Firm, Haven can help you to complete all the annual Certification requirements whilst remaining within the guidelines of the FCA TC Handbook. We can also help with new advisers joining your Firm by providing a training and competence plan to take them from new joiner to competence.
We can also help with completion and amendment of the FCA Directory entries, approval of recruitment requirements and agreeing with you the level of risk that a potential recruit may place upon your business.
Ensuring that all staff remain competent and ‘compliant’ in a pragmatic and business-like manner is a particular strength of Haven Risk Management and we work with you to help you.
Please contact us for further information.