Understanding the FCA Training and Competence requirements

Understanding the Financial Conduct Authority (FCA) Training and Competence (T&C) requirements is essential for Compliance officers, managers, and T&C Supervisors to effectively carry out their roles within a regulated financial services rm. The FCA has laid out specific rules and guidelines that firms must adhere to in order to ensure that their staff are adequately trained and competent to perform their duties.

The FCA Training and Competence requirements are designed to promote a culture of professionalism and integrity within the financial services industry. Compliance officers play a crucial role in ensuring that their firms comply with these regulations and that their staff are equipped with the knowledge and skills needed to fulfill their obligations.

Compliance of cers must have a thorough understanding of the FCA Training & Competence requirements in order to develop and implement effective training programs for their staff. This includes ensuring that all employees receive appropriate training on relevant regulations, policies, and procedures, as well as ongoing supervision

and assessment to ensure continued competence.

Managers and T&C Supervisors also obviously play a key role in overseeing the training and competence of staff within their teams. They must provide support and guidance to

employees, monitor their progress, and address any gaps in knowledge or skills that may arise.

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