A series of workshops have been established to help businesses and their employees to
better understand and comply with new regulatory requirements and better meet
stakeholder expectations when operating in Jersey.
BPP Professional Education has joined forces with Comsure Compliance Limited
to launch the workshops, starting with ‘Regulatory Awareness’,
the first course of its kind that deals with Jersey regulatory risk for all
members of the finance industry.
“As has been seen in both local and international media the risk of not managing
regulatory risk increases the costs of operating a business, reduces attractiveness
of investment in Jersey and/or changes the competitive landscape,” the firms
said announcing the project's launch.
“In the worst case it can lead to an individual losing their job and even going
to prison. The workshops will deal with everything from ‘licensing a new financial
services business’, to ‘anti money laundering and combating terrorist financing’
through to ‘what happens if it all goes wrong and the regulator starts using
its enforcement powers’.”
“The course will be paramount to ensuring local companies have employees who
understand the Jersey regulatory requirements at all levels of the business.
It has been developed in response to an industry requirement for more courses
that count towards the Regulators CPD requirements. By attending any of the
eight individual sessions delegates can top up their CPD, or by attending all
and completing an exam, delegates can gain the certification ‘BPP Jersey Certification
in Regulatory Awareness’.
The workshops will begin on March 13, 2012, and sessions will run until January
2013. The lead presenter will be Mathew Beale, Managing Director and founder
of Comsure Compliance Limited. Beale worked for the body that is now known as
the Jersey Financial Services Commission for seven years, he is also an experienced
regulatory consultant, past senior lecturer on the international compliance
association and is a well-regarded compliance speaker.
Lincoln Miles, the Managing Director of BPP Professional Education, said: “The
finance sector is always looking for new, good-value courses to keep [their]
employees up to date with regulatory changes, so we are very pleased to be able
to offer ‘Regulatory Awareness’. It covers the whole landscape of regulatory
requirements that will be of use across the industry and we expect the places
to fill up very quickly.”
Beale added: “We’re very excited to be launching this course and filling a
gap in local training. It will be like taking a driving test - we want to ensure
our delegates are walked through the 'highway code' of regulation and then sit
a test to ensure they understand the risks and avoid breaking the law. Delegates
who achieve the certificate will be able to demonstrate understanding of key
elements and drivers behind the regulatory framework which will in turn be good
for their employer, the industry and Jersey.”
LAWANDTAX-NEWS.COM
