TRAINING  >  MANAGING REGULATORY RELATIONSHIPS

Managing Regulatory Relationships

The PRA and FCA expect firms that they regulate to proactively manage their relationship with them as underpinned by Principle 11 of the Principles for Businesses and Fundamental Rule 7.

All too often a firm is submitting an application for a new permission or a new senior manager and the regulator responds expressing surprise, asking for a lot more information or citing Principle 11 and reminding the firm of the need to keep the regulator up to date.

 

Below are details of the suggested sessions that we can run either as formal training or as a coaching session on managing regulatory relationships.

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    PRINCIPLE 11 AND OTHER NOTIFICATIONS

    This course explains the regulatory expectations behind Principle 11 and how to meet those expectations.

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  • Pink & Black Circles

    ESTABLISHING THE REGULATORY RELATIONSHIP

    This course covers how to manage your relationship with the regulators from the perspective of both the regulated firm and the regulator

    ...more

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    RELATIONSHIPS WITHOUT A SUPERVISOR

    This course will help you understand how to manage your regulatory relationship when your firm has not been given a named supervisor.

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  • Principle 11 and other notifications

     

    This course explains the regulatory expectations behind Principle 11 and how to meet those expectations.

    Suggested course duration:

    60 minutes

    1. Brief recap on the Principles for Businesses and Fundamental Rules 

    2. What the regulators expect

    3. Case studies

    4. Tips for making a Principle 11 notification

    5. Other types of notification

    6. Bespoke topics for your business

    This course would be suitable for business (first line of defence) owners with responsibility for areas of the business that could give rise to regulatory notifications. It is also suitable for compliance officers who have not managed the relationship with the regulator before or those who are returning to the role after a break and need a refresher.

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    Establishing the regulatory relationship

    This course covers how to manage your relationship with the regulators from the perspective of both the regulated firm and the regulator

    Suggested course duration:

    90 minutes

    1. The benefits to you of managing the relationship

    2. The role of supervision and other FCA departments

    3. What the regulators expect from you

    4. Core arrangements you need in place

    5. Dealing with the unexpected

    6. Bespoke topics for your business

    This course would be suitable for individuals setting up a new regulated business or who are new to regulation. It is also suitable for compliance officers who have not had to establish a relationship with the regulators before or those who are returning to the role after a break and need a refresher.

  • Relationships without a supervisor

    Many regulated firms have no named supervisor, they are just given the contact centre details or the name of a team that covers a few hundred other firms. This makes it more challenging to establish a relationship. This course will show you how to manage your relationship with the regulators if your firm is in this situation.

    Suggested course duration:

    90 minutes

    1. Why some firms have a named supervisor and others don't

    2. Why you still need to manage the relationship

    3. The pro's and con's of not having a named supervisor

    4. What you need to be telling the regulator

    5. Dealing with the unexpected

    6. Bespoke topics for your business

    This course would be suitable for business (first line of defence) owners with responsibility for areas of the business that could give rise to regulatory notifications. It is also suitable for compliance officers who have not managed the relationship with the regulator before or those who are returning to the role after a break and need a refresher.

 
 
 

Looking for something specific?

Let us know and we can discuss tailoring a course just for you.

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