Financial Promotions Course

 Location: London (Central)

This interactive course provides participants with a thorough and effective introduction to the FSA’s Financial Promotions regime.

The course provides participants with a comprehensive overview of the FSA Handbook in relation to financial promotions, including exceptions to the rules for both MiFID and non MiFID business, and points out some common pitfalls to be avoided.

Learning is supplemented by FSA case studies and discussion of the FSA approach generally, both of which are designed to cement learning and explore some complex and subtle issues in a meaningful way.

Course categories:Legal Compliance Courses, Legal / Compliance Inhouse

COVERED TOPICS

Introduction and the FSA’s Principles for Business

• Financial Services & Markets Act 2000, s.21 – Application and Scope
• The Financial Promotions Order 2005
• PERG 8
• The FSA’s Statutory Objectives.
• The 11 Principles and their relevance the Financial Promotions regime, in particular Principle 7- ‘A firm must pay due regard to the information needs of its clients, and communicate information to them in a way which is clear, fair and not misleading’

The Clear, Fair and Not Misleading Rule

• Scope and application of rule: retail and non retail financial promotions
• Fair, clear and not misleading communications
• Fair, clear and not misleading financial promotions

The Conduct of Business Sourcebook Chapter 4

• Information a financial promotion should contain
• Specific requirements for retail financial promotions
• Matters a firm should take into account when targeting a specific audience
• Past, Simulated Past and Future Performance
• Direct offer financial promotions
• Cold calls and financial promotions that are not in writing

Exceptions to the Rules

• Authorised firms – MiFID and non-MiFID Business
• The Financial Promotions Order 2005
• Promotions to high net worth individuals
• Promotions to sophisticated investors
• Unregulated Collective Investment Schemes

PRACTIAL EXERCISE: FSA Case Studies on Financial Promotions

Financial Promotions: Common Mistakes

• Inadequate product description
• Emphasising only the benefits
• Inadequate risk warnings
• Misleading claims

FSA’s Supervision of Financial Promotions

• Small versus large firm approach
• Review, investigation, assessment
• What to expect on a FSA visit
• FSA’s approach to non compliant promotions

DISCUSSION: Recent thematic work on website promotions and sponsored links

Enforcement cases

REGISTRATION & PRICING INFORMATION

Contact us if you are looking to book multiple participants as we offer discounts as follows:

• 1-2 participants - full price
• 3-4 participants - 15% discount
• 5-6 participants - 20% discount
• 7-8 participants - 25% discount
• Over 9 participants - 30% discount

For more information or to be contacted by the event provider please fill this form:

Registration price

500.00

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Price: 500.00 GBP
Location: London (Central)
Event date: 07.09.2012 - 07.09.2012
Event duration: 7h30
Event time: 09.30 h - 17.00 h

ADDITIONAL DATES

CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917