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Finance, Investments & Funds, Trust

The Financial Resources Requirements Rules for Fiduciary Businesses – Understanding the Calculation?

Course details

CPD Points

2

Cost

£150

Length

2 hours (09:00-11:00)

Course Overview

This course will provide you with an overview of The Financial Resources Requirements Rules, 2018 in reference to fiduciary companies.

Following extensive industry consultation, the GFSC issued the updated Financial Resources Requirements Rules in February 2018, which will focus industry professionals on amending their practical application.These new rules are intended to provide a level of assurance that all full fiduciary licensees are in a sound financial position and able to facilitate an orderly wind down or manage a distressed situation.

Course Content

Using practical examples the course will cover the following:

  • Who does Capital Adequacy apply to?
  • Rules for Trust & Fiduciary companies
  • The calculation of Capital Adequacy
  • Liquidity Resourcing Requirements
  • Notifications to the GFSC
  • Potential pitfalls

Course Benefits

Following completion of the course you will be able to calculate Capital Adequacy in accordance with the Financial Resources Requirements Rules, 2018.

***£150 per delegate or discounted rate of £125 per delegate if booked together with Capital Adequacy Rules Training *** - totaling £250 per delegate if both courses booked. To take advantage of the discounted rate for both bookings, please email [email protected] and we will arrange to book your delegate places.

Next Steps

If you would like to book a place on this course please click on the ‘Book Course’ button to the right of this page and login or register for a user account to complete your booking(s). Any queries please do not hesitate to contact us via [email protected] or call us on 01481 721555.

If no date is scheduled for this course at the present time please click on the ‘Register Interest’ button and login or register for a user account so that we can add you to our course interest register. This register allows us to contact our tutors and finalise dates for a course as soon as we have a few people who have expressed their interest, so the more delegates who register their interest, the sooner we can schedule a particular course.

Course Tutor

  • Will Morgan

    Will Morgan is an award-winning tutor, a qualified accountant and consultant working with clients in Guernsey, Jersey, Dublin and the UK. Will founded Offshore in 2007 along with partner John Richardson to provide accounting, training and consulting solutions to numerous regulated and commercial clients in a wide variety of industries.

    Will is an experienced trainer with exceptional practical knowledge of accounting standards. Will’s training has been adapted over the years based on the work he has undertaken in the Channel Islands, understanding the practical skills that professionals need, rather than theoretical concepts. His classes are highly interactive; sometimes amusing and always engaging.

Testimonials

  • As always Will delivered an interesting engaging course.

    Elaine P

As always Will delivered an interesting engaging course.

Elaine P

Upcoming Courses

Some courses we run are scheduled based on demand. Please ensure you register your interest to ensure we know which courses you would like to attend.