Training and competence

This overview is a guide to the Lexis+® UK Financial Services content within the Training and Competence subtopic, with links to the appropriate materials.

The Financial Conduct Authority (FCA)'s training and competence (TC) regime consists of, and is derived from:

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the 'competent employees rule’, which applies to all UK-authorised firms (contained in the Senior Management Arrangements, Systems and Controls sourcebook (SYSC) at SYSC 3.1.6R for insurers, Article 21(1)(d) of the UK MiFID II Organisational Regulation (Commission Delegated Regulation (EU) 2017/565) for common platform firms (see SYSC 5.1.–2 G), and SYSC 5.1.1 R for all other firms)
•
the TC sourcebook, which contains more detailed requirements for certain

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