The Financial Services and Markets Act
Finance is key to economic development. It provides an investment basis and supports the flow of income and expenses. A country’s financial sector transforms its economic savings into investments. An efficient financial sector does not just accomplish that, but also encourages savings and increased investment.
Eventually, it results in increased income levels, and faster economic growth of the country. The financial sector also provides money and methods of payments to support the exchange of economic goods and services. However, financial regulation is key to the efficient functioning of the financial sector.
Financial regulation comes in to offer varied benefits to both consumers and players in the industry. This course covers the Financial Services and Markets Act (FSMA) in the United Kingdom. It is a key regulator of the UK financial sector.
First, we give extensive details about the Act. The course explains what it is and the varied functions it plays in the UK’s financial sector. It further explains the different regulatory bodies that work under the Financial Services and Markets Act, including subordinate legislation. Next, it states the various regulated financial activities in the UK under the financial framework. Finally, it concludes with a few benefits of regulating a financial services market.
You Will Lean:
- What the Financial Services and Markets Act is and what it does
- The key roles and functions of the FSMA
- The regulatory bodies working under the Financial Services and Markets Act
- The benefits of regulating the financial services sector
- The varied functions of the FCA, PRA and FPC
Benefits of This Course
Taking this Course Will Help You:
- Understand the role of financial regulators
- Understand the different aspects of the financial services sector that the Act affects
- Understand the Financial Services and Markets Act and its role in the UK’s financial services sector
- Learn the various bodies or regimes involved in financial regulation
- Learn the importance of financial regulation
- Gain basic knowledge of industry regulation before entering the financial sector to start a business
Who can take the Financial Services and Markets Act Certification course?There are no entry requirements to take the course.
What is the structure of the course?The course is broken down into 1 individual modules. Each module takes between 20 and 90 minutes on average to study. Although students are free to spend as much or as little time as they feel necessary on each module.
Where / when can the course be studied?The course can be studied study at any time and from any internet connected device
Is there a test at the end of the course?Once you have completed all 1 modules there is a multiple choice test. The questions will be on a range of topics found within the 1 modules. The test, like the course, is online and can be taken a time and location of your choosing.
What is the pass mark for the final test?The pass mark for the test is 70%.
What happens if a user fails the test?If the user doesn’t pass the test first time they will get further opportunities to take the test again after extra study. There are no limits to the number of times a test can be taken.
How long does it take to complete the Financial Services and Markets Act Certification course?We estimate that the course will take about 0.75 hours to complete in total, plus an additional 30 minutes for the end of course test.