Online training
Dealing and Managing
This Dealing and Managing training course provides an overview of the Financial Conduct Authority (FCA) rules aimed at providing appropriate protection for customers, including the best execution, customer order handling, and allocation and aggregation rules, as well as summarizing the rules against insider trading and personal account dealing.
Geography Covered: UK | Duration: 30 minutes
Summary
The Financial Conduct Authority (FCA) has set forth rules to support the objective of securing the appropriate amount of protection for consumers. At the heart of this legislation, known as the dealing and managing rules, is the requirement for firms to act honestly, fairly, and professionally in accordance with the best interests of its clients.
The FCA recognized that not all clients, services, and products are the same, and thus it designed the rules to require firms to take the clients’ level of understanding into consideration. The dealing and managing rules require investment firms to take all sufficient steps to get the best possible result for their clients, taking into account a range of factors, known as the "execution factors." Additionally, the rules provide guidelines on certain practices such as aggregation and allocation, front running, and personal account dealing.
The topics covered in the course include:
- Background on the FCA’s dealing and managing rules
- Best execution
- Order execution
- Aggregation and allocation
- Prohibited practices
Try a course and see how easy it can be to keep your employees up to speed