Professional Certificate and Professional Diploma in Compliance 2013/2014

Transcription

1 Professional Certificate and Professional Diploma in Compliance 2013/2014 The College of Professional Finance

2 Who we are The Institute of Banking The Institute of Banking is the largest professional institute in Ireland. We are a community of 33,000 members who work in banking and in both international and local financial services in the Republic of Ireland and Northern Ireland. Professional development of our members through education is at the heart of what we do. We are a not-for-profit organisation. The Institute provides universitylevel banking education programmes and related services. These enable our members to achieve and sustain their professional qualifications and continuing professional development - essential in meeting customer and regulatory expectations. More than 7,000 of our members are currently studying with us. Excellence in education As a recognised college of University College Dublin (UCD) and the standout industry educator, we offer qualifications of the highest standard. We currently have more than 30 programmes ranging from Professional Certificates (level 7 on the NFQ) to Masters Degree (level 9). We design our programmes to be practical and relevant, but grounded in academic rigour. We focus on providing innovative and flexible education options to ensure that we meet your changing needs. All our programmes are part-time. The Association of Compliance Officers in Ireland (ACOI) The Association of Compliance Officers in Ireland (ACOI) is the professional body for compliance officers working in financial services. Established in 2002, ACOI has grown to over 1900 members. Its goals are to: promote the advancement of knowledge and ideas in regulatory compliance and business ethics; provide training and examinations in regulatory compliance and business ethics; promote the highest ethical standards among all persons engaged in regulatory compliance. Now more than ever, the role of the compliance professional is centre stage in all financial institutions. The spotlight on compliance will continue into the future as the institutions deal with increasing regulation and the need to be open, transparent and accountable. The affairs of the Association are overseen by the Board of Directors and its subcommittees including: Chairman s Committee, Audit, Education, Professional Development Services, Communications, Publications/ Editorial Board, Membership and Professional Affairs, Ethics, Finance Risk & Administration and Technical (which incorporates a network of Working Groups). The Insurance Institute of Ireland (III) The Insurance Institute of Ireland (III) is the professional body responsible for maintaining and developing educational standards and qualifications for the general insurance industry. It has 15,000 active members across a network of local Institutes in Cork, Dublin, Galway, Limerick and Sligo. The III develops and delivers internationally recognised professional qualifications which meet the regulatory requirements and professional development needs of its members. The III supports its members in remaining compliant by delivering comprehensive Continuous Professional Development (CPD) and technical training programmes both online and face to face. III qualifications are modular, which means insurance professionals can acquire qualifications at their own pace. The entry level qualification, Professional Certificate in Insurance (APA) is available in the following three product areas: personal, commercial and private medical insurance. The APA leads on to the Professional Diploma in Insurance (CIP) and then onto the Management Diploma in Insurance (MDI) which is a bridging qualification to the gold standard Advanced Diploma in Insurance (ACII) and Fellow of the Chartered Insurance Institute (FCII) both awarded by the Chartered Insurance Institute (CII). The III has recently launched its executive education programme, Certified Insurance Director (CID), aimed exclusively at senior executive in the insurance sector. LIA LIA is the professional education and development association for those who work in all areas of the Financial Services industry. With just under 10,000 members LIA s mission is to enhance the knowledge, competence and skills of our members and students who work in all areas of the Financial Services industry. This translates into assisting our members and students in the following three distinct ways: 1. Attaining educational qualifications and resulting MCC (Minimum Competency Code) accreditations (i.e. designations) through our various educational courses in other words, their licence to provide financial advice 2. Retaining their designations by keeping up to date with legislative, regulatory and industry changes - through our annual Regional and National face-to-face CPD seminars and our online CPD facility, MyCPD 3. Developing themselves personally and professionally through our non-mcc courses, our Regional and National non-cpd seminars and workshops, and regular relevant articles published on our website and in our quarterly journal, The Professional ii The College of Professional Finance Welcome Who we are

3 Welcome Dear Colleague, I am delighted to introduce you to the Professional Certificate and the Professional Diploma programmes in Compliance offered by ACOI in association with the Insurance Institute of Ireland, the Life Insurance Association and the Institute of Banking. There has never been a more critical demand for competent compliance professionals in Irish financial services. The Central Bank requires that financial institutions ensure that their compliance staff are fit and proper persons to complete their role. Indeed the importance and status of the role of Compliance Officers within firms of all sizes and in all walks of financial services continues to grow. I earnestly encourage you to complete the ACOI s Professional Certificate and Professional Diploma in Compliance programmes to equip yourself with the skills and competencies for a career as a Compliance and Regulatory professional. In essence, the professional certificate is for those who wish to receive a core understanding of Compliance, the Regulatory Structure and Conduct of Business Rules. Candidates who pass the professional certificate are entitled to become ordinary members of ACOI. The professional diploma, on the other hand, examines the Legal and Regulatory aspects of Compliance and Compliance Management and is designed to be the benchmark qualification for compliance professionals in all sectors of financial services. Candidates who pass the professional diploma and who undertake continuous professional development are entitled to become Licentiate Members of ACOI and to use the designation LCOI. Our certificate and diploma programmes are delivered by the College of Professional Finance, and accredited by University College Dublin. Becoming a candidate on these programmes opens your world to the services of ACOI. So in addition to your formal education programme, you will become part of a network of over 2,000 members of our professional association with access to our on-going professional development programme, our website, publications and technical updates. I wish you every success in your studies. Yours sincerely, Philip Brennan Chairman, ACOI The College of Professional Finance Welcome 01

4 How we help you pass your exams We are committed to ensuring that our students have access to a wide range of educational supports. These supports are in place to assist every student with their studies. We advise all students to avail of the study supports as their use leads to exam success. Below is an overview of the learning supports available. Learning Supports Once you have registered, the learning supports are available from the My Institute section of our website ( which should be checked regularly during your course of study. Exam Preparation Webinars Each webinar is approximately 40 minutes in duration, and provides the opportunity for you to send in questions to the online lecturer in advance. During the webinar you will have the opportunity to interact with the lecturer online and they will review the questions received during the session. These webinars are recorded and can be viewed 24/7 after the live webinar. Manual The manual is the principal study support available to you. It is essential that you have a thorough knowledge of all areas covered in the manual - there is no substitute for studying the manual. Learning Plan The Learning Plan is an invaluable study aid for students as it shows you how the module is organised. This online document: - Introduces you to the module you are studying - Outlines the programme structure - Shows you how much study should be completed each week Online MCQ (Take a Test) For the PDC 1 and PDC 2 modules This tool allows you to take sample tests, either on a chapter-by-chapter or a full test basis. On completion of each test students are given a report which details which questions were answered incorrectly and the exact subsection reference in the manual. During the end of chapter tests, if you answer any question incorrectly the correct answer is shown to you before moving on to the next question. Online Webinars Webinars are pre-recorded lectures. Each webinar is available 24/7 and is a key support in studying and revising the programme material. Webinars provide the opportunity for multiple viewings. Combined with active reading, this enables students to improve their learning by reviewing the important topics or any areas of difficulty. Past and Sample Papers Past and sample exam papers are made available on the My Institute section of the website for the PDC 3 and PDC 4 modules.. Student Handbook The handbook offers support, advice, and guidance to students throughout their studies with the Institute. It explores the learning supports we have developed for you, equips you with the knowledge of what to expect from our programmes, outlines exam structures and gives you the support to develop your academic and study skills. Lecturer Contact contact with your lecturer for any questions that you have throughout your studies. Study Tracker A week by week guide through the semester, explaining what material should be covered and highlighting important dates for your diary. The College of Professional Finance How we help you pass your exams

5 Professional Certificate and Diploma in Compliance Who is this programme for? This programme is designed for those who work (or aspire to work) in a professional capacity within a compliance function in financial services. Both the professional certificate and professional diploma are designed to enhance skills, judgement and ability to deal with practical issues in the management and practice of compliance in the financial services industry. Those who successfully complete PDC 1 - Compliance and the Regulatory Structure and PDC 2 - Conduct of Business Rules are awarded the Professional Certificate in Compliance. The professional certificate, a level 7 qualification in its own right, introduces you to the theory of regulation and to its application to the financial services industry. If you complete a further two modules, PDC 3 - Legal and Regulatory Aspects of Compliance and PDC 4 Compliance Management, you are awarded the Professional Diploma in Compliance. The professional diploma, also a level 7 qualification, is the benchmark qualification for compliance professionals in all sectors of the financial services industry. Benefits for you and your organisation On successful completion of the Professional Certificate and Diploma in Compliance, and on attaining the recognised professional designation LCOI, you will be able to: - Explain the theory and describe the practice of regulation from both an Irish and European perspective; - Describe the impact of relevant regulation and the role of the various regulatory bodies on the operation of the compliance function; - Explain the role of compliance and the function of internal and external auditors; - Critically evaluate the importance of ethics and their role in the compliance function; - Devise a regulatory relations policy in relation to inspections, themed visits and routine relations; - Assess the level of corporate governance in an organisation in accordance with The Combined Rules and regulatory developments in this area. Both programmes are offered in partnership with the ACOI, LIA and the Insurance Institute of Ireland. Minimum Competency Code The Professional Diploma in Compliance and attaching LCOI designation satisfies the Central Bank of Ireland s Minimum Competency Code for those who adjudicate on any complaint communicated to a regulated firm by a consumer which relates to advice about a retail financial product provided to that consumer or the arranging of a retail financial product for that consumer. Holders of the diploma are invited to apply for the LCOI designation. Continued use of the designation is subject to meeting annual CPD requirements. The College of Professional Finance Professional Certificate and Diploma in Compliance 03

6 Professional Certificates and Professional Diplomas (Level 7) Nicoletta Basso CNP Life This programme gives students a core understanding of the compliance function. It explains how regulatory systems work in Ireland and in the international compliance industry. You can do it while working full-time or part-time. It is a very useful programme, which favours career progression, especially when considering the current growing importance of compliance worldwide. Curriculum You study two modules for the Professional Certificate in Compliance comprising: PDC 1 PDC 2 Compliance and the Regulatory Structure Conduct of Business Rules Candidates who complete a further two modules are awarded the Professional Diploma in Compliance comprising: PDC 3 PDC 4 Legal and Regulatory Aspects of Compliance Compliance Management ASSESSMENT Structure End of semester examinations For the modules PDC 1 and PDC multiple choice questions Passmark: 40% Duration: 120 mins For the modules PDC 3 and PDC 4 Written, case-study and essay style questions Passmark: 40% Duration: 180 mins EXAMINATIONS PDC 1 Compliance and the Regulatory Structure 11 January 2014 (9.00am am) 10 May 2014 (9.00am am) 6 September 2014 (9.00am am) PDC 2 Conduct of Business Rules 18 January 2014 (12.00pm pm) 17 May 2014 (12.00pm pm) 13 September 2014 (12.00pm pm) PDC 3 11 January 2014 (3.00pm pm) 10 May 2014 (3.00pm pm) 6 September 2014 (3.00pm pm) PDC 4 Legal and Regulatory Aspects of Compliance Compliance Management 25 January 2014 (3.00pm pm) 24 May 2014 (3.00pm pm) 20 September 2014 (3.00pm pm) Entry Requirements The Professional Certificate in Compliance is a general entry point to the Institute s qualification structure and is open to both school leavers and graduates. In addition, candidates must be affiliate members of the ACOI. Affiliate membership can be applied for at the same time as registering for the programme. Entry to the Professional Diploma in Compliance is limited to those who have successfully completed or registered for the Professional Certificate in Compliance. 04 The College of Professional Finance Professional Certificate and Diploma in Compliance

7 Syllabus summary Module: PDC 1 Compliance and the regulatory structure The role and management of compliance functions Ethics and fiduciary relationships Regulation theory and practice Statutory bodies and regulators International issues Legal environment. Module: PDC 2 Conduct of business rules Consumer Credit Act 1995 Anti-money laundering requirements and terrorist offences Data protection Markets in Financial Instruments Directive Consumer Protection Code. Module: PDC 3 Legal and regulatory aspects of compliance Authorisation and supervision Fiduciary relationships Legal environment Company law Competition law Contract law Security law Insider dealing and market abuse Non-statutory rules. Module: PDC 4 Compliance management Compliance and the role of the compliance officer Compliance infrastructure Compliance activities and operating principles Ethics and integrity Governance Integrated assurance Regulatory change. The College of Professional Finance Syllabus Summary 05

8 Professional Designation Individuals who pass the Professional Diploma in Compliance are entitled to apply for the designation Licentiate of the Association of Compliance Officers in Ireland and use of the designatory letters LCOI. Continued use of this designation is subject to meeting ACOI s Continuing Professional Development requirements. LCOI is the leading professional designation for compliance professionals in all sectors of the financial services industry in the Republic of Ireland. Semester Start and Closing Dates January Exams Semester Start Date 30 September 2013 Closing Date 8 November 2013 May Exams Semester Start Date 27 January 2014 Closing Date 7 March 2014 September Exams Semester Start Date 26 May 2014 Professional Body Membership You must be a current member of the Association of Compliance Officers in Ireland or become a member, to undertake this programme CPD If you are a QFA, CPD member or Chartered Banker, you may be awarded formal CPD hours when you successfully complete relevant modules within this qualification. For more information, see Register You can register in one of the following ways: 01 Online at 02 By calling the Registration Line on ** 03 Complete the registration forms at the back of this brochure and return to: The Institute of Banking, IFSC, 1 North Wall Quay, Dublin 1 ** Please have your Laser/ Debit Card/Credit Card to hand. Fees c680 per module Closing Date 4 July 2014 FOR MORE Information CONTACT Mary O Dwyer BA, MA Programme Manager The Institute of Banking IFSC 1 North Wall Quay Dublin 1 T: E: mary.odwyer@iob.ie 06 The College of Professional Finance Professional Certificate and Diploma in Compliance

9 2013/2014 ACOI MEMBERSHIP APPLICATION YOU MUST BE A MEMBER OF THE ACOI ONLY IN ORDER TO REGISTER FOR THE PROFESSIONAL CERTIFICATE AND PROFESSIONAL DIPLOMA IN COMPLIANCE PERSONAL DETAILS Surname Name before Marriage (if applicable) First Name Date of Birth (dd/mm/yyyy) Mother s Maiden Name County of Birth e.g. Dublin (if born outside of Ireland, country of birth) Address Mobile Phone Number ALL FIELDS ARE MANDATORY qq / qq / qqqq Mr q Mrs q Ms q WORK DETAILS Employer Name Department Staff Number Address County Work Phone Number Job Title Job Description (please complete) Note that all correspondence is sent to your work address unless requested otherwise. The Institute of Banking does not accept responsibility for correspondence sent to home addresses qqqqqqqqqqqqqq Postcode qqqqqqq HOME DETAILS Address County Home Phone Number qqqqqqqqqqqqqq Postcode qqqqqqq

10 2013/2014 INITIAL MEMBERSHIP FEE The ACOI Initial Membership Fee of must be paid by cheque* or credit card. MEMBERSHIP RENEWAL FEES The ACOI membership year is from 1st August to 31st July. ACOI Membership Renewal Fee of must be paid by cheque* / credit card or Direct Debit. I agree to pay future subscriptions by direct debit q Please complete and return the Direct Debit form overleaf *Cheques for ACOI Membership Fee if accompanied by Module Registration Fees should be made out to The Institute of Banking DATA PROTECTION NOTICE I wish to become a member of the Association of Compliance Officers in Ireland. I have read and understood the terms and conditions of Membership of the Association of Compliance Officers in Ireland (as set out on and I agree to be bound by those terms and conditions. Those who do not qualify for membership of the Association, but who wish to register for the ACOI examinations, will be registered as Affiliates. The information provided by you on this registration form will be retained and processed by the ACOI for the purpose of administering your application and your ongoing membership of ACOI, including your participation in examinations. We will disclose the data to our agents, service providers, other group companies, and contractors including (but not limited to) The Institute of Banking, only as appropriate. ACOI may also disclose information relating to your membership status and examination results to your current or future employer or the Central Bank of Ireland pursuant to a reasonable request to satisfy the Central Bank of Ireland s Fitness and Probity, Minimum Competency or other regulatory requirement. Your information will be processed recorded and retained by ACOI and we may communicate with you electronically in relation to your membership. ACOI may rely on such electronic communication in any dealings with you. You have the right to receive a copy of your personal data held by ACOI following a written request and to have any inaccuracies in your personal data corrected. You may do so by writing to: The Association of Compliance Officers in Ireland, Fitzwilliam Hall, Fitzwilliam Place, Dublin 2. DECLARATION I wish to become a member of the Association of Compliance Officers in Ireland. I have read and understood the terms and conditions of Membership of the Association of Compliance Officers in Ireland (as set out on www. ACOI.ie) and I agree to be bound by those terms and conditions. Those who do not qualify for membership of the Association, but who wish to register for the ACOI examinations, will be registered as Affiliates. Signature qqqqqqqqqqqqqqq Date q d q d / q m q m / q y q y q y q y

11 2013/2014 THE EASIEST WAY TO REGISTER IS ONLINE AT PROFESSIONAL CERTIFICATE AND PROFESSIONAL DIPLOMA IN COMPLIANCE PERSONAL DETAILS Membership Number Surname First Name Date of Birth (dd/mm/yyyy) County of Birth e.g. Dublin (if born outside of Ireland, country of birth) Mobile Phone Number* Address* Mother s Maiden Name Have you been a UCD student before? If yes, state dates of attendance ALL FIELDS ARE MANDATORY qqqqqqq Staff Number qqqqqqqqq (if applicable) qq / qq / qqqq Mr q Mrs q Ms q E.g. attained a degree, studied a postgraduate programme or attained an award from The Institute of Banking Yes q No q From (mm/yyyy) qq / qqqq To (mm/yyyy) qq / qqqq *We will send you alerts when new correspondence is posted online to My Institute IF YOU ARE BECOMING A MEMBER ALSO COMPLETE THE ACOI MEMBERSHIP APPLICATION FORM WORK DETAILS Employer Name Department Address County Work Phone Number Note that all correspondence is sent to your work address unless requested otherwise. The Institute of Banking does not accept responsibility for correspondence sent to home addresses qqqqqqqqqqqqqq Postcode qqqqqqq HOME DETAILS Address County qqqqqqqqqqqqqq Postcode qqqqqqq

12 PROFESSIONAL CERTIFICATE AND PROFESSIONAL DIPLOMA IN COMPLIANCE 2013/2014 PROFESSIONAL CERTIFICATE IN COMPLIANCE Module Exam Date and Start Time Webinar Support 680 per module PDC 1- Compliance and the 11th Jan 2014 (9:00am) q Regulatory Structure 10th May 2014 (9:00am) q 6th Sep 2014 (9:00am) q PDC 2- Conduct of Business 18th Jan 2014 (12:00pm) q Rules 17th May 2014 (12:00pm) q 13th Sep 2014 (12:00pm) q PROFESSIONAL DIPLOMA IN COMPLIANCE* Module Exam Date and Start Time Webinar Support 680 per module PDC 3- Legal and Regulatory 11th Jan 2014 (3:00pm) q Aspects of Compliance 10th May 2014 (3:00pm) q 6th Sep 2014 (3:00pm) q PDC 4- Compliance 25th Jan 2014 (3:00pm) q Management 24th May 2014 (3:00pm) q 20th Sep 2014 (3:00pm) q *To register for the Professional Diploma you must have enrolled for or passed PDC 1 and PDC 2 EXAM VENUES Venues are available subject to demand Athlone q Belfast q Cork q Dublin q Galway q Letterkenny q Limerick q Waterford q CLOSING DATE Leading to January Exams: Friday, 8th November 2013 : Leading to May Exams: Friday, 7th March 2014 : Leading to September Exams: Friday, 4th July 2014 PAYMENT ADVICE Cheque/Draft Ensure you print your name and membership number (if applicable) clearly (in block capitals) on the back of the cheque or draft Post dated cheques/drafts are not accepted Make cheques/drafts payable to The Institute of Banking DO NOT SEND CASH Credit Card/Debit Card/Laser Register by credit card/debit card/laser online at or by calling the Registration line on DATA PROTECTION NOTICE The information provided by you on this registration form and generated as a result of your participation in programme(s) may be used and disclosed by The Institute of Banking for all purposes which are reasonably incidental to your participation in the programme(s), including the provision of information to your membership organisation. If you are taking part in programmes in the context of your employment, those purposes may include the disclosure of examination results to your employer and such other information as may be necessary to enable your employer to maintain a register of accredited individuals and for other regulatory or compliance purposes. If applicable your information may also be disclosed to the Central Bank of Ireland for Minimum Competency Code and Fitness and Probity requirements. Where you are taking part in the programme(s) in a private capacity (i.e. outside the course of your employment) you may indicate that your information should not be disclosed to your employer by ticking the box below. I confirm that I am participating in this programme outside the course of my employment. q However, if your employer subsequently seeks such information in relation to you and submits evidence to us that you took part within the course of your employment, we reserve the right to disclose your information to your employer. The Institute of Banking may also provide you with information in relation to other services which they offer. If you do not wish to receive information or offers in relation to such other services please tick this box. q You are entitled to ask for a copy of the personal data which The Institute of Banking holds about you and to have any inaccuracies in such personal data amended or erased. You may do so by writing to: The Registrar, The Institute of Banking, IFSC, 1 North Wall Quay, Dublin 1 DECLARATION I wish to register for the programme(s) selected above. By submitting this The Institute of Banking registration form, I acknowledge that I have read in full, understood and agree to be bound by the terms and conditions set out and referred to online at I further confirm that I have read and understood the contents of the data protection notice and consent to the uses and disclosures of my personal data as set out therein. Signature qqqqqqqqqqqqqqq Date q d q d / q m q m / q y q y q y q y COMPLETED FORMS CAN BE POSTED TO: THE INSTITUTE OF BANKING, IFSC, 1 NORTH WALL QUAY, DUBLIN 1.

13 2013/2014 ACOI DIRECT DEBIT MANDATE q1. INSTRUCTION TO YOUR BANK OR BUILDING SOCIETY TO PAY YOUR ANNUAL SUBSCRIPTION BY DIRECT DEBIT Your instruction to your bank and your signature I instruct you to pay Direct Debits from my account at the request of The Association of Compliance Officers in Ireland. I confirm that the amounts to be debited are variable and may be debited on various dates. I shall duly notify the Bank in writing if I wish to cancel this instruction. I shall also notify The Association of Compliance Officers in Ireland of such cancellation. q1. To The Manager: Bank: Address: Sort Code: Bank Direct Debit Details Branch Sort Code qq qq qq Account Number qqqqqqqq q3. ACCOUNT HOLDER First Name Surname Membership No. qqqqqqq Signature qq Date q d q d / q m q m / q y q y q y q y Please note: Banks may refuse to accept instructions to charge Direct Debits to certain types of account other than current accounts. Originator s Code Republic of Ireland THE DIRECT DEBIT GUARANTEE: This is a guarantee provided by your own Bank as a member of the Direct Debit Scheme, in which all Banks and Originators of Direct Debits participate. If you authorise payment by Direct Debit, then: Your Direct Debit Originator will notify you in advance of the amounts to be debited to your account, and Your Bank will accept and pay such debits, provided that your account has sufficient available funds. If it is established that an unauthorised Direct Debit was charged to your account, you are guaranteed an immediate refund by your Bank of the amount so charged where you notify your Bank without undue delay on becoming aware of the unauthorised Direct Debit, and in any event no later than 13 months after the date of debiting of such Direct Debit to your account. You can instruct your Bank to refuse a Direct Debit payment by writing in good time to your Bank. You can cancel the Direct Debit in good time by informing your Bank in good time.

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16 The Institute of Banking IFSC 1 North Wall Quay Dublin 1 Ireland P +353 (0) F +353 (0) E info@iob.ie W