Update

Training and Education

	Complinet Seminar on Alternative Trading System (ATS) Regulation (held in association with the FOA)

Thursday 22 February 2001

The afternoon seminar will focus on how Alternative Trading Systems (ATSs) should be regulated. It will review the regulatory approach adopted by the US, consider what lessons the UK and European authorities should learn prior to making any changes to their own regimes and discuss many of the key regulatory concerns that stem from the proliferation of these platforms.

Speakers will include:

Matthew Elderfield, Head of Department, Markets & Exchanges, Financial Services Authority
Chris Bates, Partner, Clifford Chance
Edward Black, Partner, Denton Wilde Sapte
Richard Britton, Director and Head of Market Supervision, Coredeal
Nick Collier, Director of Governmental and Regulatory Affairs, Instinet

This seminar takes place at Regus, 120 Old Broad Street, London EC2, from 2pm on Thursday, 22 February 2001. It will be chaired by Anthony Belchambers. Full details can be found at http://www.complinet.com/securities-uk/events/foa_book.html

FOA members wishing to attend should register via the Complinet web site. The cost is £195 + VAT which incorporates a discount.

	Compliance in Futures and Options Course 2001

In view of the imminence of N2 (mid/late summer) and the fact that we are now in the closing stages of the new regulatory requirements, we feel that it would be much more beneficial for the delegates who were scheduled to attend the Spring 2001 Compliance in Futures and Options course to be "rolled over" to a post - N2 date. In this way the course will reflect the new regulatory requirements and particularly the new FSA handbook. Dates have not yet been set for Autumn 2001 but as soon as they have been decided they will be posted on to the web site.

Anyone interested in reserving a place should contact Julie Bullivant as soon as possible as there will be a limit on the number of places available. A provisional reservation does not commit you to having to take the place it will just ensure that you have the option to make a decision either way nearer the time rather than be disappointed!

	Compliance Roundtable

The next Compliance Roundtable is scheduled to take place on Tuesday 13 February between 2:00 pm and 6:00 pm at Denton Wilde Sapte.

Topics for discussion include:-

Vetting and controlling introducing brokers and overseas agents
EU issues: advertising - overseas clients and representatives
Local versus overseas rules and regulations
Managing employee dealing and money laundering procedures

If you have yet to register for this event and would like to do so please contact Julie Bullivant before Thursday 8 February. Cost for FOA members is £50 +VAT (non-members £100 +VAT).

	FOW Training - SPECIAL OFFER

FOW Training, in partnership with the London Guildhall University, is pleased to offer a 20% discount to FOA members on the following courses:

- Futures & Options Markets
- Mechanics of Options
- Exotic Options
- Mechanics of Swaps
- Credit Derivatives

A 10% discount is applicable to the rest of the courses featured in the 2001 brochure.

FOW Training is proud of its reputation as a provider of high quality training at competitive prices. The London Guildhall University monitors the courses on a regular basis. The evidence speaks for itself - 60% of all course attendees are derived from repeat business.

In addition to the portfolio of open courses, FOW Training is also able to offer executive in-house training - courses that are developed and tailor-made to a clients specific requirements.

Please contact either Jo Byrne or Jane Lewis on 020 7827 9977 for more information. The FOW web site can be found at http://www.fow.com/.

	BPP Hyperion Training - SPECIAL OFFER

BPP Hyperion are pleased to continue to offer a 10% discount on all their specialist financial courses until June 2001. BPP Hyperion Training Limited is the City-based division of the BPP Group and provides a wide range of regulatory and professional development training courses to financial and corporate sectors worldwide. All their specialist financial courses emphasise the practical application of both knowledge and skills to ensure delegates develop, maintain and enhance their competitive edge in an increasingly complex and demanding working environment.

For further details regarding course dates and costs please review the attached schedule alternatively contact BPP Hyperion on +44 (0)20 7786 5900 or email bpphyperion@bpp.com. The BPP Hyperion web site can be found at http://www.bpp.com/.