FCA basics for non-FCA Lawyers
This course is intended for lawyers who do not frequently work on cases overseen by the Financial Conduct Authority, but whose daily work may require them to handle FCA-regulated matters.
Introduction
What this course covers
Roles of the Bodies in the Regulatory Architecture
What is the FCA
Legal Foundations
Appointed Representatives
Knowledge check 1
The General Prohibition
Regulated Activities Order
Financial Promotions
Promotion of Collective Investment Schemes
Principles-Based Regulation
The 12 FCA Principles for Business
Demonstrating compliance with Principles-based regulation
The Regulated Activties
Common illegal activities
Operating an illegal collective investment
Illegal Credit Broking
Illegal Lending Activities
Illegally "making arrangements"
Illegal debt activity
"By way of business" and the territorial nexus
Knowledge check 2
Why is this important?
Ownership/Control of regulated firms
What is "control"?
Knowledge check 3
Threshold Conditions and Financial Resources