The objective of this comprehensive book is to equip compliance professionals and small and medium-sized business owners with a clear understanding of the **FCA's definition of conduct risk** and the corresponding conduct risk requirements in various sectors of the industry. By delving into the intricacies of this complex subject matter, the book aims to empower its readers to effectively navigate the challenging landscape of regulatory compliance.

The first section of the book will focus on elucidating the FCA's expectations regarding conduct risk. It will provide a succinct overview of the regulator's approach, highlighting the key principles that firms must steadfastly adhere to. By grasping these fundamental concepts, readers will gain valuable insights into aligning their business practices with the regulatory framework.

Moving forward, the book will delve into the crucial aspect of conduct risk assessment. It will provide invaluable guidance on how to meticulously identify and assess conduct risk within one's own business. This includes practical advice on conducting a conduct risk assessment, as well as strategies to prioritise areas for improvement. Armed with this knowledge, compliance professionals and business owners can proactively manage and mitigate potential risks.

To effectively manage conduct risk, the book will then delve into the realm of conduct risk management. It will offer pragmatic guidance on implementing robust policies and procedures to ensure compliance. Furthermore, it will shed light on monitoring and reporting mechanisms to facilitate ongoing evaluation of conduct risk. Lastly, the book will emphasize the development of a strong conduct risk culture, fostering an environment where ethical conduct and customer protection are ingrained within the organisation's DNA.

Recognising the significance of compliance, the book will also address the critical subject of FCA enforcement. It will explore the regulator's enforcement approach and shed light on the potential consequences of non-compliance with conduct risk requirements. By equipping readers with this knowledge, the book aims to instil a heightened sense of responsibility and accountability within the industry.

In conclusion, this comprehensive guide serves as a beacon of knowledge for compliance professionals and small and medium-sized business owners. By offering practical guidance on how to identify, assess, and manage conduct risk, the book empowers its readers to meet the FCA's conduct risk requirements and operate their firms in a fair and transparent manner. Through meticulous adherence to the regulatory framework and a deep commitment to customer protection, businesses can safeguard their reputation, foster trust, and thrive in today's increasingly regulated environment.