Web-based training: Financial resources - Calculating own funds and capital resources
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This course has been designed to help you understand how to calculate regulatory own funds and capital resources. In this tutorial, you will find out why compliance is important, how to make calculations relevant to your firm type, and how to proceed if you find that you have less financial resources than are required.
Objectives
By the end of the programme, users should be able to:
- identify why firms need to comply with financial resources requirements;
- identify the information needed to review your financial position and undertake financial resources calculations;
- recognise the auditing requirements of different firm types;
- calculate your firm’s financial resources requirement;
- calculate your firm’s financial resources;
- understand the guidelines for action in situations when financial resources are less than that required;
- recognise how the FSA supervises firms’ compliance; and,
- understand the answers to some common questions and misconceptions.
Further details
The course covers how to calculate your financial resources for the following types of firms:
- Personal investment firm with less than 26 financial advisers and is a limited company [Ltd or Plc]
- B3 Personal investment firm with less than 26 financial advisers and is a limited liability partnership [LLP]
- B3 Personal investment firm with less than 26 financial advisers and is a partnership
- B3 Personal investment firm with less than 26 financial advisers and is a sole trader
- Mortgage intermediary, insurance intermediary, or both, that is a limited company [Ltd or Plc]
- Mortgage intermediary, insurance intermediary, or both, that is a limited liability partnership [LLP]
- Mortgage intermediary, insurance intermediary, or both, that does not hold client money and is a partnership
- Mortgage intermediary, insurance intermediary, or both, that does not hold client money and is a sole trader
- Mortgage intermediary, insurance intermediary, or both, that does hold client money and is a partnership
- Mortgage intermediary, insurance intermediary, or both, that does hold client money and is a sole trader
- B3 Personal investment firm with less than 26 financial advisers and is also a mortgage intermediary, insurance intermediary, or both
Who is it for?
Relevant for all small firms.
How is the information presented?
You take the course online. Its features include:
- scenarios for different types of firms on how to calculate financial resources;
- questions to help you understand the topics covered;
- interactive features and links so you can get extra information; and
- links to relevant parts of the Handbook.
Duration
Approximately 1 hour. You can stop the course and return to it at a later date.
Other information
The course costs £30 per person to purchase. Terms and conditions apply. Purchase is made online.
Whilst we will update packages to reflect policy changes, once they become out of date we will remove them from our system. To ensure that you are undertaking the current training package, please log onto our website on the day that you do this training to ensure that it remains current as at that date.
Minimum computer specification
- Pentium 3® processor or higher
- Windows 2000® or higher
- 256Mb of RAM
- Internet Explorer® 5.5 or later. Netscape 7.0
- Sound enabled with speakers or headphones for commentary – optional
- NB: Pop-up blockers must be disabled.
