| Module |
Description |
|
Active vs Passive Investing |
This module covers what active and
passive investing are, and examines
examples of the techniques that
investors can apply, their benefits and
limitations, and which are most suitable
for investors. It will also look at the
active versus passive debate, which
today remains one of the most divisive
issues in the world of investing. |
| Alternative Investment Fund Managers
Directive (AIFMD) |
The Alternative Investment Fund Managers
Directive (AIFMD) introduces a
harmonised regulatory and supervisory
framework which affects alternative
investment funds (AIFs) and alternative
investment fund managers (AIFMs) that
operate and market in the European Union
(EU), but do not come under the
Undertakings for Collective Investment
in Transferable Securities (UCITS)
regime. |
| Alternative Investments |
Alternative investments are investments that
specialise in asset classes other than
equities, bonds, property and cash. This
module will consider these asset classes
and alternative investments. |
| Anti-Money Laundering |
With the ever-increasing scale of the money
laundering problem, it is not surprising
that tackling the issue is high on the
international agenda. As a result,
combating money laundering continues to
be a major challenge for the financial
sector in the UK and globally. This
module examines anti-money laundering
legislation and regulation, the role of
the money laundering reporting officer,
how to report money laundering, Money
Laundering Regulations 2017, Proceeds of
Crime Act 2002, terrorist financing, and
the sanctions and penalties that can be
imposed. |
| Anti-Money Laundering Essentials |
Combating money laundering is a major
challenge for financial sector firms and
their employees. This module examines
the basics of money laundering,
including examples of the crime, and how
to identify red flags and react to
suspected cases. |
| Applying the Financial Planning Process to
Client Circumstances |
It is one thing knowing about the financial
planning process, but another thing
entirely to implement it in your
business. The aim of this module is to
help you apply the financial planning
process and principles when creating a
financial plan for a client. |
| Approved Persons Regime |
An approved person is someone who has been
approved by the FCA to carry out certain
controlled functions, and who is
required to comply with a set of
principles. The approved persons regime
supports the FCA’s regulatory system for
the protection of consumers and the UK
financial system by ensuring the quality
of individuals working in certain roles
within the financial services industry.
This module examines the basis of the
regime, the fit and proper test and the
components of fitness and propriety,
controlled functions, the Code of
Practice for approved persons, the
Principles for approved persons, and key
regulatory developments. |
| Artificial Intelligence |
The hopes and fears sparked by artificial
intelligence (AI) have raised it to an
almost mythical status. Some foresee a
widespread loss of jobs and the
apocalyptic emergence of hostile robotic
consciousness, while others dream of a
tailor- made world, where every
thankless or repetitive task is
delegated to machines, and infallible
tools put an end to illness and crime.
This module gives an insight into AI and
provides a deeper understanding of how it is, and will be, used. Additionally, this module also looks at some of the ethical questions raised by AI. |
| Banking Standards |
In 2012, the Parliamentary Commission on
Banking Standards was set up to address
the wider problems that recent banking
scandals have highlighted, focusing on
professional scandals, culture and
corporate governance. The Commission
provided its fifth and final report of
proposals in June 2013, with the primary
objective of restoring trust in banking.
This module examines the Commission, its
recommendations, the Government’s
response, the strengthening of
individual accountability, the reforming
of corporate governance, securing better
outcomes for consumers and enhancing
financial stability. |
| Behavioural Finance |
Behavioural finance has been described as
‘the study of human fallibility in
competitive markets’ or as ‘the
application of the psychology of
decision making to financial market
behaviour’. This module explores the
background to behavioural finance, its
implications, the regulator’s
perspective, and the role of biases and
mental ‘rules of thumb’ (known as
heuristics). |
| Best Execution |
Best execution refers to the duty of an
investment services firm, such as a
stock broker, executing orders on behalf
of customers to ensure the best
execution possible for their customers'
orders. This module examines what best
execution is, the rules and
instructions, how to achieve it, how it
is monitored, order execution policies,
information to clients and client
consent, and best execution for specific
types of firms. |
| Blockchains |
Best execution refers to the duty of an
investment services firm, such as a
stock broker, executing orders on behalf
of customers to ensure the best
execution possible for their customers'
orders. This module examines what best
execution is, the rules and
instructions, how to achieve it, how it
is monitored, order execution policies,
information to clients and client
consent, and best execution for specific
types of firms. |
| Bonds Essentials |
A bond is issued by a government or a
company and is a way for them to raise
capital. Investors effectively lend them
money and receive interest in return.
This module introduces you to the world
of bonds and helps you to familiarise
yourself with the main types of bond and
key terminology. |
| Budget |
This module examines the key details and
potential ramifications of Budget. |
| Business Protection |
Most companies have insurance in place, but
they also need to take into account
their most important assets – the people
that contribute most to the success of
the business. To this end, business
protection packages have been developed
which are made up of life insurance and
critical illness cover policies, and
hence provide for continuity and
succession planning. This module covers
the specifics of key person insurance and shareholder and partnership protection as well as providing an outline of how such policies are regulated. |
| Central Clearing |
Clearing is the preparation of a transaction
for settlement which may, occasionally,
involve the matching of the transaction
details between the parties to the
transaction. A central counterparty is
an organisation that exists to support
trading performed in financial
instruments. It acts as a central point
through which trading is channelled.
This module investigates the background
of central clearing,
|
| Client Assets and Client Money |
This module will help you to understand and
apply the principles and rules
associated with holding and protecting
client assets. Client assets comprise
all securities and cash held by a
financial services firm belonging to
clients that require protection. This
module examines how client assets and
client money are protected through
segregation and over systems and
controls, and the importance of due
diligence on other parties used to
facilitate this, the need for accurate
and timely records and accounts,
frequent reconciliations, and the
required CASS oversight of these
processes. |
| Client Assets and Client Money Essentials
|
This module is aimed at the mainstream
securities and investment industry and
provides an overview of the principles
and high-level rules associated with
holding and protecting client assets and
the client assets and client money
rules. |
| Commodities and Energy Markets |
Commodity markets, also known as energy
markets, deal specifically with the
buying and selling of energy, such as
oil, electricity and gas. Commodity
derivatives are investment tools that
allow investors to trade in certain
items without possessing them. This module explores the energy markets, commodity markets and commodity derivatives.
|
| Conduct Risk |
Conduct risk is the risk to the delivery of
fair customer outcomes, or to market
integrity. Conduct risk can be seen as a
progression in regulatory thinking that
began with treating customers fairly,
and which then developed through
principles-based regulation, and then on
to outcomes-focussed regulation, before
becoming conduct risk. This module
assesses what conduct risk is, how it is
managed, its practical application, the
powers of regulators, and the importance
of treating customers fairly.
|
| Conflicts of Interest |
Conflicts of interest can arise in all
fields and sectors. The existence of a
conflict of interest is not unethical in
itself and there are a number of ways in
which conflicts can be properly managed.
However, the actions taken by a firm
where there is a conflict of interest
may pose legal, regulatory and
reputational challenges. This module
examines examples of conflicts of
interest, tools, policies and
procedures, enforcement action, and good
practice. |
| Conflicts of Interest for Senior Managers
|
This module examines what conflicts of
interest are, how they can arise in
everyday business, how they can be
identified in the workplace and how they
can be managed appropriately. It also
covers the regulations that apply and
how it links to bribery and corruption.
|
| Corporate Actions |
A corporate action can be defined as any
activity instigated by a company which
may affect its share capital. Simply
put, a corporate action is typically
either a benefit distribution or a stock
event. Most corporate actions have some
effect on the share price with many
conveying information to the market
about the state of the company. This
module provides an understanding of mandatory and voluntary events, corporate structure and finance, and the life cycle of an event. |
| Crowdfunding |
Crowdfunding is a way of financing a project
or business venture by raising monetary
contributions from a large number of
people, typically via the internet. This
module provides an understanding of
crowdfunding as a financing tool, a
comparison with peer-to-peer lending and
IPOs, the users of crowdfunding, the
funding process, and the risks and
protections. |
| Cryptocurrencies |
Cryptocurrencies exist as both an
intangible, and in some cases, unbacked
source of wealth and a minable, finite
asset, the full potential and risks of
which remain to be seen. In this module,
we explore what a cryptocurrency is, how and if they can be adequately regulated, how they are traded and what role they might play in the future. |
| Cybercrime |
Cybercrime usually refers to any crime that
involves a computer. The computer may
have been used to commit a crime, or it
may be the target. This module explores
computer fraud, hacking, denial of
service attacks, new technologies and
security concerns, and the definitions
and legislation related to cybercrime.
|
| Derivatives |
A derivative can be simply defined as ‘a
contract between two or more parties;
the price of the derivative is based on
an underlying asset, which can be a
stock, bond, commodity, currency,
interest rate or market index’.
Derivatives are designed to reduce or
hedge the risk of uncertain price
outcomes and can be used purely as means
of generating profits. This module
provides an understanding of the
definition and purpose of derivatives,
underlying assets and trading, and
regulatory requirements and
developments. |
| Digital and Mobile Banking |
In this module, we will explore the
revolution in saving, borrowing and
making payments which has occurred in
the last two decades, as well as the
broad categories of platforms and their
uses. We will look at some of the
players who have introduced important
innovations or become dominant in the
rapidly evolving space of digital and
mobile banking. |
| Environmental, Social and Governance (ESG)
Investing |
Conventionally, investors select a range of
investments with the goal of maximising
total returns within their risk
tolerance levels. With environmental,
social and governance (ESG) investing,
environmental and social considerations
also apply. This module examines what
ESG is, why ethical investing matters,
ethical ways to invest, the screening
processes that are available, corporate
social responsibility, faith-based
investing, ethical investment indices,
and the future of ESG. |
| Equity Release |
Equity release has the reputation of being
the last resort for liquidity in later
life, and there still seems to be some
stigma surrounding it. With an ageing
population and significant wealth tied
up in property, the need for liquidity
continues to grow and is being met by a
modern market of flexible and
transparent equity release products.
This module examines the development of
the market in terms of customers,
products, providers and regulatory
oversight. |
| Estate Planning |
Estate planning is the process of ensuring
that assets pass to the desired people
in the event of death or incapacity.
Estate planning usually also ensures
that any associated taxes are mitigated
as far as is possible on the transfer of
these assets. This module provides an
understanding of the basics of
inheritance tax, when it applies, when
it can legitimately be mitigated,
constituents, and the importance of a
will against intestacy. |
| Ethical and Sustainable Investment |
As participants in financial capital
markets, individuals and organisations
are free to select investments on any
basis they wish (subject to fiduciary
responsibility in certain cases, eg,
trustees to a trust’s beneficiaries).
While conventional market practice
dictates that investors should operate
solely to maximise their returns,
ethical and sustainable investors
believe that moral considerations should
also apply, or that short-termism is
supporting damaging corporate
activities. There may be variations in
interpretation but, in summary, decision making for ethical and sustainable investment includes factors other than solely maximising short-term returns.
|
| Exchange Traded Funds |
Exchange traded funds (ETFs) are investment
vehicles listed and traded on stock
exchanges. ETFs most commonly track a
basket of assets, such as equities,
commodities or bonds, but may also
follow more exotic factors such as
volatility. Most ETFs are benchmarked
against a recognised index that is
reflected in the underlying assets
included within the ETF. This module
explores the definition, background and
structure of ETFs, the different types
available, the ETF market, and future
developments. |
| Financial Crime |
Financial crime is defined as any kind of
criminal conduct relating to money or to
financial services or markets, including
any offence involving fraud or
dishonesty or misconduct in, or misuse
of information relating to, a financial
market or handling the proceeds of
crime. This module will focus on insider
dealing, market abuse, money laundering,
terrorist finance and financial
sanctions. |
| Financial Planning |
Financial planning plays a significant role
in helping individuals get the most out
of their money. This module is intended
to provide an introduction to the
principles of financial planning. It
provides an overview of the financial
planning process, key pieces of
terminology relating to the process and
the regulatory framework which governs
it. |
| Financial Planning Assumptions |
This module is intended as a guide to making
assumptions as part of the financial
planning process. Its aim is to show why
assumptions are important, outline the
key range that may need to be included
in a financial plan, and suggest certain
methods by which a financial planner
could decide on the value to use for
each one. The purpose of this module is
not to state what the actual assumptions
should be but, rather, to suggest a
reliable methodology for choosing them.
|
| Financial Planning Cashflow Projections
|
When creating financial plans for clients,
cashflow planning often needs to take
place to give an overall view of their
circumstances and future aspirations. It
is an important component in
establishing whether clients can afford
to achieve all of their objectives as
they arise, given their risk appetite.
This module examines cashflow modelling,
the key aspects of the process, areas of
advice where it is used, and its
drawbacks and benefits. |
| Financial Planning Personal Financial
Statements |
When creating financial plans for clients,
it is important to understand the
purpose of personal financial
statements: client net worth, tax and
cashflow/income and expenditure. This
module examines how to create and
calculate these statements for clients
and mitigate any tax consequences of the
advice that is given in the financial
plan. |
| Financial Planning Personal Risk Management
Strategies |
Protection is essential because it offers
not only tangible benefits in the form
of a potential financial payout, but
also intangible benefits, such as peace
of mind and a feeling of financial
security. Putting the right personal
risk management strategy in place can
help make sure you get the protection
that works best for you. This module
will outline the importance and methods
of creating a strategy, as well as the
key types and features of policies.
|
| Financial Promotions |
The financial promotions rules apply to any firm which communicates a financial promotion to a client in the UK in relation to its designated investment business, including from an establishment overseas. The purpose of the rules is to ensure that financial promotions are clearly identified as such, and that they are fair, clear and not misleading. This module explores the financial promotions rules, exceptions, communications, offers and invitations, promotions and cold calling, the rules on prospectus advertisements, using performance, and the approval of financial promotions.
42 Financial Risk A financial risk can be described as an element of uncertainty affecting financial decisions or actions that, should it materialise, poses a threat of loss to some degree. The exposure to a risk is determined by the probability of a risk event materialising and the magnitude of any associated financial loss. This module provides an understanding of financial risk, the key risk categories, risk in the financial services and how it’s managed, risk appetite, fraud and theft, information security, and business continuity. |
| Financial Risk |
A financial risk can be described as an
element of uncertainty affecting
financial decisions or actions that,
should it materialise, poses a threat of
loss to some degree. The exposure to a
risk is determined by the probability of
a risk event materialising and the
magnitude of any associated financial
loss. This module provides an
understanding of financial risk, the key
risk categories, risk in the financial
|
| Fintech |
Fintech represents an unprecedented level of
freedom, accessibility and innovation in
financial services and products. As new
ground continues to be broken,
unforeseen challenges, obstacles and
opportunities emerge. |
| Fintech and Regulatory Compliance |
This module will explore applying regulatory
compliance to Fintech. It will examine
the main risks and issues and offer some best practice approaches that can be applied when developing or implementing new technology. |
| Foreign Exchange |
The foreign exchange market is where all the
world's currencies trade. It is both the
largest and most liquid market, with an
average daily trading volume exceeding
$5 trillion. This module provides an
overview of the foreign exchange
market, including some of the principal
concepts and terminology used. It also
introduces some of the most important
trading techniques and how businesses
use foreign exchange to manage risk.
|
| Fraud Risk Management |
Fraud has a devastating impact on economies,
companies and people on a global scale.
All organisations are subject to fraud
and must, therefore, undertake measures
to protect themselves. In this module,
we will explore the basics of fraud
risk, its global impact, and the
measures organisations can take to
protect themselves. |
| Green Bonds and Asset-Backed Securities
|
As awareness of worldwide damage to the
environment becomes increasingly
widespread, ethical and sustainable
investing has grown in importance and
popularity. Green bonds and asset-backed
securities offer an alternative for
investors concerned with the
environmental and ethical impact of how
their money is used. This module will
explore the various types of bonds and
securities available, as well as their
benefits and risks. |
| Greenwashing |
Greenwashing is the practice of exaggerating
the environmental benefits of a
company’s activities. While this can
improve their reputation, or even result
in greater profits, this deceives
consumers and could even end up causing
environmental harm. This module explores
the key concepts surrounding
greenwashing, the wider implications,
and the measures being taken to fight
it. |
| Hedge Funds |
A hedge fund is an investment fund typically
set up under a limited partnership or
limited company that pools capital from
a number of investors to invest in
securities and other instruments. This
module examines the definition and
background of hedge funds, the different
types available, their inherit risks,
why and how they should be used, and
future developments. |
| Impact Investing |
As participants in financial capital
markets, individuals and organisations
can generally select investments on any
basis they wish. Conventionally,
investors operate solely to maximise
returns, but ethical and sustainable
investors believe that moral
considerations should also apply. Impact
investors aim to take ethical and
sustainable investment principles a step
further by intentionally making investment choices that result in non-financial impacts as well as monetary returns.
|
| Inducements and Dealing Commissions |
The term 'inducement' is used to cover
monetary or non-monetary benefits which
may influence a recipient’s decisions or
judgements in a particular area. This
module assesses the application of the
inducements and dealing commission
rules, the obligations of firms,
guidance on inducements, the use of
dealing commissions, disclosure and
record keeping, and evidential
provisions. |
| Information Security and Data Protection
|
Today’s financial services firms use a vast
amount of information to operate on a
day-to-day basis. This information is
the ‘life blood’ of such firms and it is
important that this information, and the
systems used to manage it are protected
from misuse. This module explores the
latest cybercrime developments, the
lessons to be learnt from high profile
cases, key identity issues, the
implementation of the Data Protection
Act, and predictions for the future.
|
| Insolvency and Bankruptcy |
Insolvency is the inability of both
individuals and companies to meet
financial obligations with lender(s) as
debts become due. Bankruptcy is a legal
proceeding involving a person or
business that is unable to repay
outstanding debts. This module provides an understanding of insolvency, bankruptcy, fraud, government debt, and statistics. |
| Integrity and Ethics |
Ethics is about how we live a ‘good’ or
‘valuable’ life. Integrity means,
essentially, wholeness or oneness and is
often used interchangeably with ethics,
although it is actually an important
term in its own right. This module
provides an understanding of ethical
behaviour, ethics in finance, the
importance of trust and trustworthiness,
and an analysis of compliance versus
ethics. |
| Introduction to Financial Planning |
Financial planning helps individuals realise
their life goals. It looks at all the
elements of a person’s finances, then
comes up with a plan to help them make
informed decisions about their future.
This module is an introduction to the
subject, covering the key aspects of the
six-step process, the role of the
financial planner, client attitudes to
risk and the impact of technology. |
| Introduction to Financial Services |
Financial Services are the lifeblood of any
modern economy and allow domestic and
international financial activities to be
carried out with security and
confidence. This module will serve as an
introduction to the key concepts of
financial services around the world and
outline how they are regulated, what the
future might hold for them, and more.
|
| Introduction to Portfolio Creation |
This module examines how and why it is
important for firms to gather customer
data, the process involved in
developing, implementing and reviewing
portfolios, how environmental, social
and governance (ESG) and ethical issues
can be incorporated into an investment
strategy, and the ways in which
portfolios can be evaluated. |
| Investment Business on the Internet |
The E-Commerce Directive was intended to
harmonise rules on such issues as
transparency and information
requirements for online service
providers, commercial communications,
electronic contracts and limitations of
liability of intermediary service
providers. It covers virtually every
commercial website, not just financial
services providers. This module provides
an understanding of the Directive,
commercial communications, and the
placing and receipt of customer orders.
|
| Investment Planning |
This module provides an understanding of risk, asset allocation and classes, charges, investment types, principles, and theories, ways to invest, ratios, and of how to bring them all together when considering investment planning for a client.
|
| Investment Principles and Risk |
This module examines investment management
and styles, diversification, charges,
pricing, and returns, fact find and risk
profiling, portfolio theory, socially
responsible investment, collectives,
debt securities, investment bonds and
trusts, ISAs, National Savings, unit
trusts, OEICs, UCITS, REITs, ETFs, and
equities. |
| Islamic Banking |
The Islamic financial infrastructure is
comprised of capital markets, banks,
insurance companies, and regulators.
Under Shariah making money with money is
deemed immoral, and wealth should be
generated via trade or investments.
Financial transactions are based on the
sharing of risk and reward between the
provider of funds (the investor) and the
user of funds (the entrepreneur). This
module provides an understanding of the
history of Islamic finance, its
structure, principles, asset management,
and products.
|
| Managing in the Regulatory Environment |
This module is aimed at those who are
subject to the Conduct Rules and who
manage or supervise other people. It
provides an understanding of the
regulatory framework and expectations
and obligations on managers, personal
responsibilities and responsibilities
for managing others, taking on new
entrants, and what to do if things go
wrong. |
| Managing Operational Risk |
Financial institutions and global regulators
are having to pay greater attention to
identifying, measuring, monitoring and
managing risks within the financial
system. Operational risk is the risk of
loss resulting from inadequate or failed
processes, people and systems or from
external events. This module will
explore the main types of operational
risk, how they can be mitigated, and the
hazards that organisations might face in
the future. |
| Market Abuse |
Market abuse is behaviour which affects a
financial market adversely and which can
unreasonably disadvantage investors in
that market, directly or indirectly.
There is a very wide range of abusive
behaviour which, broadly, can be divided
into insider dealing, misuse of
information, and market manipulation.
This module examines market abuse, its
offences, scope, penalties, safe
harbours, its international perspective,
the Code of Market Conduct, the regular
user test, reporting obligations and the
relationship with other offences. |
| Mergers and Acquisitions |
Mergers and acquisitions (M&A) is the
process of combining two or more
separate companies to form a larger,
consolidated, more valuable one. There
are many sorts of deal which generally
fall into the category of M&A – this
module will consider the most common.
|
| Open Banking and Finance |
Open banking enables consumers to achieve an
all-round, single platform view of all
their bank accounts, allowing for easier
comparison and switching, and for
fintech providers to offer them
innovative products and services to
maximise their finances. Open finance is
the next step in this process of
liberating and sharing data as it
extends the principles behind open
banking to a much wider range of
financial services products. This module
examines open banking and open finance,
assessing the advantages, the risks, and
the growing international perspective.
|
| Paraplanning |
A paraplanner is a person who works with a
financial planner or financial adviser
and completes a number of the non-
client facing tasks involved in
preparing and administering a financial
plan or report for a client. Once, the
role of the paraplanner was seen as
bridging the gap between the financial
administrator and the financial adviser,
or as a ‘trainee financial adviser’.
Today, many paraplanners are recognised
as highly skilled financial planning
professionals who are essential for the
smooth running of a financial planning
practice. This module examines the
sector of paraplanning, the role, key
skills, and qualifications of the
paraplanner and how they fit into a
financial planning environment. |
| Payment Technologies |
Payments, and the technology that supports
them, are an essential requirement to
ensure the smooth operation of the
global economy. This module covers
payment technology, examines the size
and importance of the industry, provides
an overview of the main predicted trends
and looks at the growing use of
cryptocurrencies and digital currencies.
|
| Robo-Advice |
The term ‘robo-advice’ generally refers to
the development of web-based systems
which provide investment advice or
portfolio management to clients without
the (direct) involvement of a human
adviser. Such a system has a number of
attractions, particularly the potential
to provide consistent and robust
investment services to clients at a
significantly lower cost than is
currently possible. The concept’s
detractors, however, state that there
are inherent complexities in providing
investment advice that fully reflects
all of a client’s unique personal needs
and circumstances. This module provides
an understanding of robo-advice, the
definition of advice, and the
implications of giving it, the impact of
the Financial Advice Market Review, and
the way ahead.
|
| Sanctions and Global Markets |
This module provides an understanding of
sanctions, global markets, trade,
political, economic and financial
sanctions (inside and outside of the UK)
and their consequences, UK financial
sanctions systems and controls.
|
| Securities Financing |
Securities financing is the act of borrowing
or lending cash or securities against
collateral. This module examines stock
borrowing and lending, the activity and
life of a loan, the restrictions on
borrowing and lending, legal ownership
aspects, repurchase agreements, risk
mitigation, prime brokerage, and market
sentiment and perception.
|
| Shares Essentials |
A share represents ownership in a company.
While owning shares has many benefits,
there are also inherent risks. Here we
explore the ins and outs of owning
shares, the different types available,
and how they are traded globally. |
| Sovereign Wealth Funds |
A sovereign wealth fund (SWF) is a
state-owned investment fund investing in
real and financial assets such as
stocks, bonds, real estate, precious
metals, or in alternative investments
such as private equity fund or hedge
funds. This
module examines the definition and
history of sovereign wealth funds, the
major funds available, transparency
issues, and future developments.
|
| Speak Up |
Whistleblowing has risen to prominence as a
result of ongoing revelations of
wrongdoing, poor behaviour and, in some
instances, criminality within many firms
and organisations. The purpose of this
module is to help give employees the
knowledge, tips and tools they need to
be able to speak up with confidence, and
share examples of best practice from the
perspective of both employees and
employers. |
| Structured Investment Products |
Investors are frequently told that higher
returns can only be achieved by taking
greater risk. Therefore, one might
assume that in order to benefit from the
level of returns available from
investment in equities, investors must
be willing to put their capital at risk
– in other words, to risk losing money.
This module provides an overview of a
type of investment which is sometimes
presented as providing equity-type
returns whilst still guaranteeing the
investor’s capital, namely structured
investment products (SIPs). It explains
how SIPs are constructed, considers
their main features, and also explains
how SIPs modify, rather than remove, the
risk to investor’s capital. |
| Suitability of Client Investments |
The regulator’s focus on suitability of
client investments, across the full
spectrum of retail, investment and
pension products, has intensified in
recent years. This module provides an
understanding of assessing suitability,
risk profiling, establishing risk
appetite, obtaining customer
information, making suitable investment
selections and identifying suitable
questions and answers, as well as
guidance, reports and record keeping.
|
| Trade Finance |
This module covers the basic concepts of
trade finance, considering both domestic
and international trade. It introduces
candidates to the need for trade
finance, the common products and
services available to corporate clients
and small businesses involved in
domestic and international trade, and
discusses risks and trends within the
industry.
|