FCA regulation of insurance brokers - Searchlight Insurance Training

FCA regulation of insurance brokers

This interactive session highlights what FCA conduct and prudential regulation means for brokers.

The FCA’s proactive and pre-emptive philosophy is very different to the FSA’s previous approach and this session explores the FCA’s ideas towards conduct risk both from its published intentions and from the perspective of priorities like treating customers fairly and financial crime.

It also identifies the key areas of focus within a broker’s prudential risk.  Firms will need to ensure that their risk horizons are no less than the FCA requirements and that their responses are robust and proportionate.

Who should attend?

This course is designed for compliance, operations, and staff in significant influence functions.

Click “Check Availability” to find out which dates are available and make a booking or contact us on 01372 361177 or at training@ssluk.net . Alternatively, please let us know if you would like us to deliver this as an in-house workshop.


Level: N/A

Duration: 0.5 day(s) CII CPD Hours: 3


  • Revise the aim and objectives of the FCA
  • Explain the structure and approach of the FCA supervision model and suggest examples
  • Determine the elements of a broker’s prudential risk and the expectations for how it is managed
  • Explore the key strands on which the FCA will focus: the business model; strategy; culture and product development/distribution
  • Review existing regulatory themes
  • Recognise the implications for approved persons in significant influence functions


  • FCA Objectives and differentiating between consumer protection and market integrity
  • The FCA’s three supervision pillars, with examples
  • Understanding what a “business model” is and the current challenges to it.
  • Culture and strategy
  • Threshold Condition 4 and appropriate resources
  • Updates on existing regulatory themes, from the perspective of conduct and prudential risk: TCF, transparency and disclosure, financial crime
  • Significant influence functions: wider and more explicit accountability
  • Consumer Insurance (disclosure and representations) Act
  • Looking forward…. IMD2