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Principles for Businesses

The FCA's Principles for Businesses apply to all financial services firms in the UK regulatory system. Dual-regulated firms will need to be mindful of the Prudential Regulation Authority's Fundamental Rules.

Whether a firm is solo or dual-regulated, the FCA's Principles for Businesses encompass the main dimensions of the conduct standards set out for all firms.

Our Principles for Businesses Course explains the FCA's Principles for Businesses that apply to financial services firms in the UK.
Get started Course details
  • 20 Minutes
  • All staff
  • Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

Learning objectives

  • Recognise the purpose of the Principles for Businesses
  • Know the Principles for Businesses and how they apply to different types of clients
  • Appreciate the consequences of breaching the Principles

    What can you expect your employees to learn?

Welcome

What are Principles for Businesses?

  • Fundamental Rules
  • Different objectives

Why are the Principles for Businesses growing in importance?

What do the Principles mean?

  • Exercise: Principles for Businesses

Putting the Principles into practice

  • Principle 1: Integrity
  • Principle 2: Skill, care & diligence
  • Principle 3: Management & control
  • Principle 4: Financial prudence
  • Principle 5: Market Conduct
  • Principle 6: Customers' interests
  • Principle 7: Communications with clients
  • Principle 8: Conflicts of interest
  • Principle 9: Customers: relationships of trust
  • Principle 10: Clients' assets
  • Principle 11: Relations & regulators
  • Principle 12: Consumer Duty

Outcome-focused regulation

Comparing the Principles with the Conduct Rules

Consequences of breaching the Principles

Summary

Affirmation

Assessment

Does your company have…

Under 50 employees?

We recommend our CoreCompliance, our solution, perfect for smaller teams. Start your training immediately with pre-configured, ready-to-go courses.

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Over 50 employees?

We have a range of flexible pricing plans to suit your unique needs. Choose from off-the-shelf course libraries or a customised, bespoke approach to reach your compliance learning goals.

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Your questions, answered

Common FAQs

Are the courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Can users only view the courses assigned to them?

No. All users can view all the courses in your Portal. Additionally, some of these courses may be mandatory, requiring completion by the given deadline.