This full day course provides an intensive and practical examination of the growing regulatory issues, including laws & rules (including the ‘controlled functions’ under the Central Bank Reform Act 2010), domestic and international developments and relevant Central Bank Consultation Papers, which financial services firms must know and understand to help demonstrate compliance. The course explains professional and personal responsibility of authorised persons including Compliance Officers and senior management and examines important practical areas of compliance not addressed in the rulebooks, i.e. structuring your Compliance Function and writing your Compliance Manual.
The course examines the Central Bank’s perspective on:
- key statutory requirements including regulatory objectives,
- Central Bank supervision and enforcement strategies,
- role of the Compliance Officer and the Controlled Function,
- supervision and enforcement,
- funding mechanism and the levy process,
- Compliance Statements and Certificates
The Conduct of Business rulebooks – for Insurance: Industry Codes of Practice, the Insurance Mediation Directive, the Life & non-Life Directives, Reinsurance Directive and other regulatory insurance issues, including Solvency II.
The course examines the role of Compliance Officers in Irish financial services firms today –
- personal accountability & the boundaries of the Compliance Function;
- structuring a Compliance Function;
- what the Compliance Function’s terms of reference should include;
- helping to create a ‘Compliance Culture’ within your firm;
- what your Compliance Manual should include;
- the ongoing obligation to train staff; and
- factors to consider when designing a compliance monitoring programme.
The course also examines the Central Bank’s supervision & enforcement regime – the Central Bank’s ‘supervisory toolkit’, work of the enforcement division, its powers under the Central Bank Reform Act 2010, how they will work and a comparison to other regulatory systems to help see how the regulator will respond to breaches.
Who Should Attend?
Compliance Officers and Directors of: (a) credit institutions and all investment business firms (e.g. investment management and fund administration) and (b) insurance firms.
€620 for 1st attendee
€550 for 2nd attendee for same firm attending same day
(All training fees are VAT exempt)
|Thursday 16th November 2017||9.00 am - 5.00 pm||38/39 Fitzwilliam Square, Dublin 2|
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Institute of Bankers: Formal CPD Hours
QFA: 3 hours
CPD Member: 3 hours
RS CPD Member: 3 hours
LCOI: 6 hours
Chartered Banker: 6 hours
CeB (Certified Banker): 6 hours
Insurance Institute of Ireland: Formal CPD Hours
CPD Member: 3 hours for MCC Product Categories 4,5,6
ACII/FCII Chartered Insurance Institute CPD Scheme: 3 hours
Irish League of Credit Unions: Formal CPD Hours
Governance Stream: 3 hours
Operations Stream: 3 hours
Life Insurance Association: Formal CPD Hours
What Others Say:
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