What you'll be able to do

• Understand the structure and operation of the retail investment sector
• Understand the regulations and procedures relating to Client Assets
• Understand the importance of accurate Data and Record Keeping in investment administration
• Understand the processes involved in Settlement of investment transactions
• Understand the administration of Corporate Actions affecting investments
• Understand the features and administration of Collectives and Tax Incentivised Savings schemes
• Understand the principles of Income Tax as it applies to investments
• Understand the different types of Client Account used in investment administration
• Understand the specific considerations for Overseas Investment
• Understand the procedures for Closing Accounts

What you'll be able to do

• Understand the different types of capital instruments and transactions that occur within asset servicing.
• Describe the complete life cycle of a corporate event from announcement to completion.
• Explain the characteristics and processing requirements of mandatory corporate events.
• Explain the characteristics and processing requirements of voluntary corporate events.
• Describe the process and implications of Initial Public Offers (IPOs).
• Explain the purpose and mechanics of proxy voting in relation to share ownership.
• Understand the tax implications associated with asset servicing activities and transactions.
• Identify the roles and responsibilities of key participants involved in the asset servicing process.
• Recognise the legal and compliance issues relevant to asset servicing operations.
• Identify and describe the different types of risk encountered in asset servicing.

What you'll be able to do

• Understand the importance of client assets within financial institutions.
• Understand how client assets must be adequately protected under the Financial Conduct Authority's client assets regime.

What you'll be able to do

• Know the reasons for the introduction of Collective Investment Schemes and how they are utilised by investors.
• Understand the UK regulatory and legislative environment that governs Collective Investment Schemes.
• Understand the fundamental principles of preventing financial crime within the context of Collective Investment Schemes.
• Know the purpose and key requirements of relevant EU Directives pertaining to Collective Investment Schemes.
• Know the rights and protections afforded to Unit/Shareholders in Collective Investment Schemes.
• Understand the legal and operational constitution of a Collective Investment Scheme.
• Understand the roles and responsibilities of key parties involved in Collective Investment Schemes, including the Authorised Fund Manager, Depositaries, Trustees, Custodians, and Auditors.
• Understand the investment and borrowing powers available to Collective Investment Schemes.
• Understand the processes involved in investor transactions within Collective Investment Schemes.
• Understand the registration and settlement procedures for transactions in Collective Investment Schemes.
• Understand the procedures for the distribution of income within Collective Investment Schemes.
• Understand the content and purpose of investor communications, including annual and half-yearly reports and accounts.
• Understand the taxation implications for Collective Investment Schemes and their investors.

What you'll be able to do

• Explain the background and nature of financial crime in the UK and the international context, and the different approaches to combating it.
• Explain the nature of predicate offences.
• Explain money laundering in both the UK and the international context, and the measures in place to combat it.
• Explain the nature of terrorist financing in its global context, and the measures in place to combat it.
• Explain the nature, significance and impact of corruption, and the measures in place to combat it.
• Explain the nature of bribery and the measures in place to combat it in the UK and the United States.
• Describe governmental and quasi-governmental approaches to combating financial crime.
• Explain the role of the private sector in combating financial crime.

What you'll be able to do

• Understand the regulations designed to combat financial crime within the financial services industry
• Understand the practices employed to prevent and detect financial crime
• Understand the reporting requirements related to suspected financial crime

What you'll be able to do

• Understand the scope, purpose and operational fundamentals of the CREST settlement system.
• Explain the key concepts and terminology used in CREST settlement processes.
• Describe the process of dematerialised settlement for domestic securities within CREST.
• Outline the specific processes involved in the settlement of certificated securities.
• Explain the nature of stock lending and collateral management within the CREST environment.
• Describe the processing of corporate actions and claims within CREST.
• Understand the characteristics and processes involved in international settlements via CREST.

What you'll be able to do

• Understand the characteristics of Exchange-Traded Derivatives
• Understand the characteristics of Over-The-Counter Derivatives
• Understand the administration processes associated with Exchange-Traded Derivatives
• Understand the administration processes associated with Over-The-Counter Derivatives

What you'll be able to do

• Understand the history and development of derivative markets, including key milestones and influential factors.
• Understand the characteristics of futures contracts, including standardisation and delivery mechanisms.
• Understand the basic principles of pricing futures contracts, including cost of carry and expectations.
• Understand the characteristics of options contracts, including calls, puts, and strike prices.
• Understand how derivatives are used for hedging, speculation, and arbitrage.
• Understand the role of a derivative exchange in facilitating trading and ensuring market integrity.
• Understand the role of the clearing house in guaranteeing trades and managing risk.
• Understand the concept of margin in derivative trading, including initial margin and maintenance margin.
• Understand the concepts of clearing and settlement in derivative markets, including the processes involved.
• Understand derivative regulation and compliance requirements, including relevant legislation and industry standards.
• Understand the main characteristics of credit risk associated with derivatives.
• Understand the main characteristics of market risk associated with derivatives.
• Understand the main characteristics of operational risk associated with derivatives.

What you'll be able to do

• Understand the history and development of derivative markets, including key milestones and influential factors.
• Understand the characteristics of futures contracts, including standardisation and delivery mechanisms.
• Understand the basic principles of pricing futures contracts, including cost of carry and expectations.
• Understand the characteristics of options contracts, including calls, puts, and strike prices.
• Understand how derivatives are used for hedging, speculation, and arbitrage.
• Understand the role of a derivative exchange in facilitating trading and ensuring market integrity.
• Understand the role of the clearing house in guaranteeing trades and managing risk.
• Understand the concept of margin in derivative trading, including initial margin and maintenance margin.
• Understand the concepts of clearing and settlement in derivative markets, including the processes involved.
• Understand derivative regulation and compliance requirements, including relevant legislation and industry standards.
• Understand the main characteristics of credit risk associated with derivatives.
• Understand the main characteristics of market risk associated with derivatives.
• Understand the main characteristics of operational risk associated with derivatives.

What you'll be able to do

• Understand the role and responsibilities of the Financial Services Authority (FSA) within the regulatory infrastructure.
• Understand the key provisions and implications of the Financial Services and Markets Act 2000.
• Understand associated legislation and regulation relevant to financial services.
• Understand the impact of relevant European Union Directives on financial regulation.
• Understand the key principles of the FSA Conduct of Business Sourcebook and regulations concerning client assets.
• Understand the procedures for handling customer complaints and providing redress.

What you'll be able to do

• Understand the key aspects of the international financial services regulatory environment.
• Understand the international approach to financial regulation and its objectives.
• Understand the purpose and key responsibilities of the compliance function within a financial organisation.
• Understand how the risk of financial crime is identified, assessed, and managed within a global context.
• Understand the importance of ethics, integrity, and fairness in financial services and the role of compliance in promoting these values.
• Understand the role of compliance in the context of corporate governance and risk management frameworks.

What you'll be able to do

• Understand the different types of securities, their issue methods, and the fundamental principles of securities trading.
• Understand the roles and responsibilities of the main industry participants involved in securities operations.
• Understand the key settlement characteristics for various types of securities.
• Understand the range of other investor services related to securities operations.
• Understand the key aspects of taxation relevant to securities and their investors.
• Understand the various types of risk associated with securities operations and how they are managed.

What you'll be able to do

• Understand the definition and purpose of an Individual Savings Account (ISA).
• Understand the regulatory framework and authorisation requirements for ISA providers.
• Understand the process of investor applications for ISAs, including eligibility and documentation.
• Understand the investment rules and restrictions applicable to ISAs.
• Understand how account income is treated within an ISA and the process for claiming tax relief.
• Understand the rights and protections afforded to ISA account holders.
• Understand the charges and expenses that account managers can levy on ISAs.
• Understand the procedures for withdrawals, account closure, and the handling of ISAs upon the death of an investor.
• Understand the process for transferring ISAs between providers.
• Understand the requirements for submitting Returns of Information to HMRC and the process for HMRC inspections.

What you'll be able to do

• Understand the role of IT in the securities industry, including its impact on efficiency and risk management.
• Understand how IT supports the functional flow of financial instruments, from trading to settlement.
• Understand the role of IT in the front office, including trading platforms and order management systems.
• Understand the role of IT in the pre-settlement phase, including trade confirmation and reconciliation.
• Understand the role of IT in the settlement and post-settlement phases, including clearing and custody.
• Understand the impact of IT on Financial Control, including reporting and audit trails.
• Understand IT Management principles and practices within investment operations.
• Understand how to manage business change related to IT implementations and upgrades.
• Understand the Globalisation of IT Services and its implications for investment operations.

What you'll be able to do

• Understand the financial services industry and the key investment distribution channels within it, distinguishing between retail and professional business.
• Understand the economic environment and its impact on financial markets.
• Understand Financial Assets and Markets, including their characteristics and functions.
• Understand how a company is formed and the differences between private and public companies.
• Understand the main types of bonds and the advantages and disadvantages of investing in different types of bonds.
• Understand the major types of derivatives and their uses.
• Understand the different types of investment funds and their investment strategies.
• Understand financial services regulation and its application to investment products and services.
• Understand investment wrappers, taxation and trusts and their implications for investors.
• Understand other retail financial products: loans, mortgages and life assurance and their features.

What you'll be able to do

• Understand the nature of cybercrime and its specific threats within the financial services industry.
• Analyse the associated risks stemming from cybercrime in the financial services sector.
• Evaluate methods for effectively managing cyber security risks within financial organisations.

What you'll be able to do

• Define terms relevant to derivatives trading in the context of the history of derivatives trading
• Understand forward rate agreements
• Understand swaps
• Understand the key characteristics of OTC options
• Understand other principal derivative products
• Understand the factors affecting the pricing of OTC derivatives
• Understand the basics of risk theory
• Understand the finance issues relating to OTC derivatives
• Understand the accounting issues relating to OTC derivatives
• Understand the regulatory issues relating to OTC derivatives
• Understand the operational context of OTC derivatives

What you'll be able to do

• Understand the fundamental principles of risk management.
• Understand the nature and management of credit risk.
• Understand the nature and management of market risk.
• Understand the nature of operational risk within an organisation.
• Understand the causes, potential events, and impact of operational risk incidents.
• Understand the stages and components of the operational risk cycle.
• Understand the role of support and control functions in managing operational risk.
• Understand the objectives and challenges associated with Enterprise Risk Management (ERM).
• Understand the context and application of common standards and protection measures in operational risk management.

What you'll be able to do

• Understand the concepts required to administer various types of pension plans
• Understand the processes required to administer various types of pension plans
• Understand the concepts required to administer new pension plans
• Understand the processes required to administer new pension plans
• Understand the concepts required to administer existing pension plans
• Understand the processes required to administer existing pension plans

What you'll be able to do

• Understand the range of services offered by Platforms in the financial services industry.
• Understand the services provided by Wealth Managers.
• Understand the role and services of related Outsource Service Providers within the financial services sector.

What you'll be able to do

• Understand the main features of the UK regulatory environment for financial services
• Understand the purpose and key provisions of the Financial Services and Markets Act 2000
• Understand associated legislation and regulation relevant to financial services
• Understand relevant European Union Directives impacting financial services regulation in the UK
• Understand the key principles of the FSA Conduct of Business Sourcebook and its application
• Understand the regulations relating to Client Assets

What you'll be able to do

• Understand the key features and objectives of the UK financial regulatory environment.
• Explain the purpose, scope and implications of the Financial Services and Markets Act 2000.
• Understand the relevant associated legislation and regulations that govern financial services in the UK.
• Interpret the key requirements of the FCA Conduct of Business Sourcebook (COBS) and rules relating to Client Assets.

What you'll be able to do

• Understand the fundamental principles of a risk management framework within financial services.
• Understand the role of corporate governance in overseeing and managing risk.
• Understand the key risk-related regulations and policies applicable to financial services organisations.
• Understand the nature and management of operational risk.
• Understand the nature and management of credit risk.
• Understand the nature and management of market risk.
• Understand the nature and management of investment risk.
• Understand the nature and management of liquidity risk.
• Understand the principles and application of Enterprise Risk Management (ERM).

What you'll be able to do

• Understand the general principles of business risk management
• Understand the key risks that arise within the financial services industry
• Understand the approaches used to identify risks in financial services
• Understand the approaches used to manage risks in financial services
• Understand the approaches used to reduce risks in financial services

What you'll be able to do

• Describe the role of technology in investment management.
• Understand the regulatory framework governing the use of technology in investment management.
• Explain how technology supports the functional flow of financial instruments.
• Describe the role of technology in trade capture processes.
• Explain the role of technology in the pre-settlement phase of investment transactions.
• Explain the role of technology in the settlement and post-settlement phases of investment transactions.
• Analyse the impact of technology on financial control within investment management firms.
• Understand the principles of technology management in an investment management context.
• Describe the key considerations in managing business change related to technology implementation.
• Understand the process of technology services procurement in the investment management industry.

What you'll be able to do

• Describe the Transfer Agency (TA) Framework
• Describe the Regulatory Framework relevant to Transfer Agencies
• Identify the different Products offered by Transfer Agencies
• Explain how to manage the Risk of Financial Crime within a Transfer Agency
• Describe how to manage TA Operations
• Explain Distribution, Front and Ongoing Charges related to Transfer Agency services
• Describe Customer and Investor Relations within a Transfer Agency
• Explain Compliance and Oversight within a Transfer Agency

What you'll be able to do

• Describe the Transfer Agency (TA) Framework
• Describe the Regulatory Framework relevant to Transfer Agencies
• Identify the different Products offered by Transfer Agencies
• Explain how to manage the Risk of Financial Crime within a Transfer Agency
• Describe how to manage TA Operations
• Explain Distribution, Front and Ongoing Charges related to Transfer Agency services
• Describe Customer and Investor Relations within a Transfer Agency
• Explain Compliance and Oversight within a Transfer Agency

What you'll be able to do

• Understand the overall framework within which a Transfer Agency (TA) operates.
• Understand the range of products and services offered by a Transfer Agency.
• Understand the key processes involved in managing Transfer Agency operations effectively.
• Understand the regulations and procedures relating to Client Money & Assets within a Transfer Agency.
• Understand the processes involved in registration and settlement of transactions within a Transfer Agency.
• Understand the dealing processes undertaken by a Transfer Agency.
• Understand the handling of distributions and corporate actions by a Transfer Agency.
• Understand the importance of investor relations and communication within a Transfer Agency.
• Understand the key risks and controls associated with Transfer Agency operations.

What you'll be able to do

• Understand the financial services regulatory environment in the UK
• Understand the Financial Services and Markets Act 2000
• Understand Associated Legislation relevant to financial services
• Understand Regulation relevant to financial services
• Understand the FCA Conduct of Business Sourcebook
• Understand the regulations relating to Client Assets
• Understand the procedures for handling Customer Complaints
• Understand the processes for Customer Redress