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Chartered Insurance Institute
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FCA regulation of insurance brokers - half day course


This course highlights what FCA conduct and prudential regulation means for brokers. Many of the risks remain the same, but the FCA's proactive and pre-emptive philosophy is very different to its predecessor. The course explores the FCA's ideas towards conduct risk both from its published intentions and from the perspective of priorities like treating customers fairly (TCF) and financial crime. It also identifies the key areas of focus within a broker's prudential risk. Firms will need to ensure that their risk horizons are no less than the FCA requirements and that their responses are robust and proportionate.


  • FCA objectives and differentiating between consumer protection and market integrity 
  • The FCA's three supervision pillars, with examples 
  • Understanding what a 'business model' is and the current challenges to it 
  • Culture and strategy 
  • Threshold Condition 4 and appropriate resources 
  • Updates on existing regulatory themes, from the perspective of conduct and prudential risk - TCF, transparency and disclosure, financial crime 
  • Significant influence functions - wider and more explicit accountability 
  • Disclosure and Representations Act 
  • Looking forward... IMD2.

Learning outcomes

  • Revise the aim and objectives of the FCA 
  • Explain the structure and approach of the FCA supervision model and suggest examples 
  • Determine the elements of a broker's prudential risk and the expectations for how it is managed 
  • Explore the key strands on which the FCA will focus: the business model; strategy; culture and product development/distribution 
  • Review existing regulatory themes 
  • Recognise the implications for approved persons in significant influence functions.

Who should attend?

Staff working in compliance, operations and significant influence functions.

CPD hours

Attendance of this course awards up to 3 CPD hours where you consider it relevant to your professional development needs.

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