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The Financial Services and Markets Act Certification

1 Hour CPD Accredited Online Course. Tutor Support, Exam and Certificate included


Base Learning

Summary

Price
£25 inc VAT
Study method
Online, self-paced
Duration
1 hour
Access to content
Lifetime access
Qualification
No formal qualification
CPD
1 CPD hours / points
Additional info
  • Tutor is available to students

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Overview

The Financial Services and Markets Act

Finance is key to economic development. It provides an investment basis and supports the flow of income and expenses. A country’s financial sector transforms its economic savings into investments. An efficient financial sector does not just accomplish that, but also encourages savings and increased investment.

Eventually, it results in increased income levels, and faster economic growth of the country. The financial sector also provides money and methods of payments to support the exchange of economic goods and services. However, financial regulation is key to the efficient functioning of the financial sector.

Financial regulation comes in to offer varied benefits to both consumers and players in the industry. This course covers the Financial Services and Markets Act (FSMA) in the United Kingdom. It is a key regulator of the UK financial sector.

First, we give extensive details about the Act. The course explains what it is and the varied functions it plays in the UK’s financial sector. It further explains the different regulatory bodies that work under the Financial Services and Markets Act, including subordinate legislation. Next, it states the various regulated financial activities in the UK under the financial framework. Finally, it concludes with a few benefits of regulating a financial services market.

CPD

1 CPD hours / points
Accredited by The CPD Certification Service

Description

You Will Lean:

  • What the Financial Services and Markets Act is and what it does
  • The key roles and functions of the FSMA
  • The regulatory bodies working under the Financial Services and Markets Act
  • The benefits of regulating the financial services sector
  • The varied functions of the FCA, PRA and FPC

Benefits of This Course

      Taking this Course Will Help You:
  • Understand the role of financial regulators
  • Understand the different aspects of the financial services sector that the Act affects
  • Understand the Financial Services and Markets Act and its role in the UK’s financial services sector
  • Learn the various bodies or regimes involved in financial regulation
  • Learn the importance of financial regulation
  • Gain basic knowledge of industry regulation before entering the financial sector to start a business

Who is this course for?

Anyone

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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