Update

Training and Education

	Senior Management Responsibility

The FOA is developing two courses on the responsibilities of senior managers.

The first course will be held in conjunction with Clifford Chance and the FSA and will be for senior managers in firms carrying on mainstream FSA authorised activities. The course will build upon the existing course run by the FSA entitled "The Commitments - Senior Managers and their competence" and will cover:-

- The interpretation of those FSA rules and requirements that affect senior managers;
- The adoption of practical processes and procedures to facilitate compliance by senior managers with their obligations;
- Best practise in corporate governance arrangements;
- Specific areas of difficulty including, for example, the impact of operational risk, the role of non-executive directors and applying the rules in the context of matrix management arrangements;
- Crisis management;
- FSA policy on supervision and enforcement;
- Related issues such as delegation of responsibility, inter-reliance, risk management, accounting and reporting and, particularly, the role of compliance and human resource functions.

The course will comprise three half-day sessions and will include presentations, practical case studies and specialist break-out sessions. For the convenience of senior managers, the sessions will be held over a period of three half day workshops over three weeks in late November/early December and, while we have not yet agreed on cost, the three half days will not exceed a total cost of £600 +VAT per person.

The second course will be held in conjunction with Denton Wilde Sapte and will be for senior managers in organisations engaged in energy, gas and power market dealings, particularly those participants which operate under FSA's special regulatory codes covering such dealings. The course will involve full participation by the FSA and will comprise a similar, but shorter, series of sessions to those set out above and is likely to be held over one full day in October. Fees have yet to be agreed, but the course will not exceed £300 per person for the day.

Full programmes for both course will be available shortly on the web site but in the meantime, if you are keen to provisionally reserve a place on either of the above then please register your interest with Julie Adolphus.

** Please state on your email which course (Senior Management - FSA/Clifford Chance or Senior Management - DWS) you require further details on along with your name, company details and email address **

	Compliance in Derivatives Course - Spring 2003

This six day course focuses not only on the post N2 UK regulatory environment, but also considers the increasingly important European and global context. The breadth of the course coupled with its unique assessment structure, make it a challenging, but invaluable experience. For those who are dedicated to excellence in the field of derivatives compliance it is a must.

The course combines formal tuition with case studies, home study, assignments and presentations from exchanges, regulators and compliance officers. The assessment consists of course work, tests and an interview. For confirmation, the course will continue to be run by Patrick Thompson, a highly-regarded trainer in this field who has been successfully delivering this course since its inception.

Dates have now been set for 2003 and are as follows:-

Monday 27 & Tuesday 28 January (days 1 & 2)
Monday 24 & Tuesday 25 February (days 3 & 4)
Monday 24 & Tuesday 25 March (days 5 & 6)

Tuesday 22 April 10 am Regulatory Multiple Choice Exam
w/c Monday 28 April Oral Examinations

Cost:

£1,600 +VAT FOA members
£1,900 +VAT non-Members

To reserve a provisional place please email the Training and Education Department or alternatively call Julie Adolphus on +44 (0)20 7426 7262. The flyer is currently in production but further details regarding course content can be found on the web site.

	BPP Hyperion Training Courses - 20% discount for FOA members

FOA members are entitled to a 20% discount when booking a place on any of the following BPP Hyperion courses. Be quick as the offer is only available for bookings received by BPP Hyperion before 31 December 2002!

- Introduction to Derivatives
- Introduction to Swaps
- Introduction to Equity Derivatives
- Forwards & Futures
- Options Explained

When booking please quote FOA-20%. BPP Hyperion can be contacted on +44 (0)20 7786 5900 or email bpphyperion@bpp.com. All course outlines can be found on their web site.

Don't forget, BPP Hyperion Training also offer:
* comprehensive training towards the 2 core modules and 11 technical modules of the Investment Administration Qualification (IAQ(TM))
* a proven approach to training towards the Chartered Financial Analyst® (CFA®) examination programme
* market-leading courses towards Securities Institute Diploma papers
* established, exam-focused training towards the Securities Institute Certificate examinations and the Investment Management Certificate (IMC)

	FREE Technical Seminar

Integrated Testing Solutions Limited will be hosting a free technical seminar in conjunction with one of its premier business partners, on Wednesday 23 October on the subject of Managing Risk and IT Security within the banking infrastructure, this presentation is aimed at both IT professionals and compliance managers.

The presentation is designed to introduce attendees to the subject of utilising test process and security improvements to enhance business continuity whilst decreasing the threats to business integrity and reputation. This will be achieved by demonstrating the advantages of using strategic consultancy and IT risk management strategies to minimise the risk to functionality, confidentiality, integrity and availability of your systems and networks.

Integrated Testing Solutions Limited's strategic partner Preferred International will also be presenting on Resource Management and the project support services they provide.

The seminar will start at 8:30 am and finish around 11:30 am, a continental breakfast and refreshments will be provided. The Venue is yet to be confirmed, but will be within walking distance of the bank district.

Should you wish attend the event and would like an invitation sent to you or require further information about the services of ITSL and Preferred International, do not hesitate to contact:

Jason Shaw on +44(0)7932 074324

Ashley Platen-Mills on +44 (0)2380 234780

	Presentation Skills Course - FOA Member Discount

The FOA has negotiated a discount for its members on a two-day presentation skills course run by IN DIALOGUE. Their trainers are professional actors who use their experience and know-how from theatre, television and film to deliver proven, business-focused training to small groups or one-to-one.

Their Presentation Skills course is designed specifically for business people and has been used by a number of City institutions including LIFFE and Reuters.

The discounted price for FOA members is £720 +VAT per delegate. If you would like further details please call Tony Hawes on +44 (0)1277 653272 or email enquiries@indialogue.co.uk. Alternatively visit their web site at http://www.in-dialogue.co.uk.