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Introduction to BCOBS and PSRs for Building Societies

It equips you with the basic knowledge and understanding necessary to navigate these complex regulatory frameworks.

75.00

This course provides an overview of the Banking Conduct Rules and Guidance (BCOBS) and the Payment Services Regulations (PSRs) for building societies. It equips you with the basic knowledge and understanding necessary to navigate these complex regulatory frameworks.

What You’ll Learn

The landscape of regulation:
  • Gain a clear understanding of the regulatory bodies involved, their roles, and the key regulatory objectives.
BCOBS explained:
  • Explore the six main areas of BCOBS, including fair treatment, customer information, product governance, financial promotions, and market conduct.
PSRs explained:
  • Delve into the key requirements of the PSRs, including payment initiation services (PIS), account information services (AIS), and strong customer authentication (SCA).
 

Learning Objectives:
  • Understand the key components of the Banking Conduct Rules and Guidance (BCOBS) applicable to building societies.
  • Gain awareness of the Payment Services Regulations (PSRs) and their relevance to building society operations. Identify the regulatory bodies overseeing building societies and their primary objectives.
  • Explore the main areas of BCOBS, focusing on fair treatment, customer information, product governance, financial promotions, and market conduct.
  • Acquire foundational knowledge to navigate BCOBS and PSRs, ensuring compliance and ethical conduct in building society practices.




Training Duration

This course may take up to 1 hour to be completed. However, actual study time differs as each learner uses their own training pace.

Participants

This course is ideal for anyone wishing to be introduced to the characteristics of best execution and the respective regulatory environment. It is also suitable to professionals pursuing regulatory CPD in Financial Regulation (such as the FCA etc).

Training Method

The course is offered fully online using a self-paced approach. The learning units are based on interactive reading material. Learners may start, stop and resume their training at any time.

At the end of the training, participants take a Quiz to complete their learning and earn a Certificate of Completion.

Registration and Access

To register to this course, click on the ”Add to Cart” button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

If you wish to receive an invoice instead of paying online, please contact us at info@eimf.eu.

Access to the course is valid for 180 days.

This programme has been developed by the London Governance and Compliance Academy (LGCA), a UK-recognised training institution.

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for 1 CPD Unit that approve education in financial regulation, such as the FCA. The course may be also approved for CPD Units by institutions which approve general financial training, such as the CISI.

Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

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