Training and competence

This overview is a guide to the Lexis+® UK Financial Services content within the Training and Competence subtopic, with links to the appropriate materials.

The Financial Conduct Authority (FCA)'s training and competence regime consists of, and is derived from:

•
the 'competent employees rule’, which applies to all UK-authorised firms (contained in the Senior Management Arrangements, Systems and Controls sourcebook (SYSC) at SYSC 3.1.6R for insurers, Article 21(1)(d) of Commission Delegated Regulation (EU) 2017/565) for common platform firms, and SYSC 5.1.1 R for all other firms
•
the TC sourcebook, which contains more detailed requirements for certain retail activities, and which includes the need to have a qualification in some cases

The

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