Overview

The module is divided into three units covering the core requirements for understanding the regulatory environment, who and what influences what is done and the role of the regulator, their objectives and methodologies for achieving them. The role of the compliance function / compliance officer, activities, accountabilities and skills required and how they should endeavour to create a compliance culture, an environment where regulatory compliance is understood and actively used to improve a firm’s performance; and finally, how compliance, risk management and corporate governance work as interrelated disciplines to not only provide essential regulatory assurance to the firm, but also to further improve the firm’s overall performance.

Assessment Strategy

Threshold C- to C+ (50-59%): Satisfactory performance. No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives. Knowledge of key areas/principles only. Weaknesses in understanding of some areas. Limited evidence of background study. Answer inadequately focused on task and with some irrelevant material and poor structure. Arguments presented but lack coherence. Minor factual/computational errors. Lacking original interpretation.

Good B- to B+ (60-69%): Good performance. Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills. Understands most but not all concepts/issues. Evidence of background study. Focused answer with good structure. Arguments presented coherently. Mostly free of factual errors. Some limited original interpretation. Well known links between topics are described. Problems addressed by existing methods/approaches. Good presentation with accurate communication

Excellent standard: 70+ An outstanding performance, exceptionally able. The relevant information is accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.

Learning Outcomes

• Appraise and justify the significant benefits to an organisation of effective regulatory compliance

• Comprehend, evaluate, appreciate and assimilate the scope and constraints imposed by law and regulation in financial services industries.

• Describe, explain and indentify the accountabilities and objectives of a Compliance Function and the skills required by the individuals to facilitate achievement of these objectives.

• Recognise, comprehend and defend the place and role of compliance within the organisation and strategic management functions.

• Understand and evaluate the objectives of regulation and methodologies employed by regulators to meet these objectives.