Key Individual Responsibilities – Understanding your role and obligations in person training
A Key Individual (KI) is responsible for managing and overseeing the activities relating to the rendering of any financial service. KIs have an enormous responsibility to ensure that they carry out their duties with the necessary due care, skill and diligence. The activity of “managing” means to have executive control or authority and “overseeing” is the function of supervising a person/s and their work in an official capacity. A KI’s role is to ensure that the FSP has policies and procedures in place to ensure compliance with the General Code of Conduct and with the Fit and Proper requirements. Because of this, KIs should make sure that they fully understand what it means to manage and oversee an FSP and should do so with clear knowledge of the obligations and duties which they will have to carry out.
Attend this KI workshop to be sure that as a Key Individual, you fully understand what it means to manage and oversee an FSP.
You will learn about:
- The importance of acting with due care, skill and diligence in the execution of all duties.
- Acting within the standards and rules set by legislation.
- The management and oversight of statutory obligations of the FSP.
- The rendering of financial services of the FSP and persons authorised to act on its behalf.
- Instilling a culture of “Treating Customers Fairly” in all aspects of the business.
How will attendees benefit?
By participating in this seminar, you will:
- Know what is required of a Key Individual when managing and overseeing the FSP.
- Be able to describe the role of the Key Individual and monitoring of Representatives and Services under supervision.
- Have an in-depth understanding of the new Fit and Proper Requirements.
- Have a broader understanding of the regulatory environment in which the FSP functions.
- Know the recordkeeping obligations of the FSP.
- Be comfortable with the requirements of managing the FSP infrastructure.
Who should attend?
Key Individuals and any person who is looking to take on the responsibility of a Key Individual should attend so they have a clear knowledge of the obligations and duties which they will have to carry out.
Read more about Key Individual Responsibilities.
In person training details
In person training registration
Various available dates and venues.
Register for this in person training →
