Page 46 - CAPE Financial Services Syllabus Macmillan_Neat

UNIT 2
MODULE 2: COMPLIANCE LEGISLATION AND STATUTES

GENERAL OBJECTIVES

On completion of this Module, students should:

1. develop an understanding of the importance of regulatory compliance in financial services;

2. develop an awareness of governance systems in the international and Caribbean
environments;

3. develop an understanding of Information and Communication Technologies (ICTs) and their
impact on financial services;

4. comply with relevant national and international law, legislation, regulations, safety
requirements, and professional standards;

5. participate effectively in the planning, implementation, and evaluation of daily operations and
projects;

6. assess the ethical considerations involved in financial services and actions to circumvent
unethical issues or challenges; and,

7. have a working knowledge of international offshore financial services operations in
international financial centres.

SPECIFIC OBJECTIVES CONTENT

Students should be able to: Compliance as it relates to financial services.

1. discuss the concept of compliance The concepts:
in financial services;
(a) Level 1 compliance – compliance with
external rules imposed upon an
organisation as a whole.

(b) Level 2 compliance – compliance with
internal systems of control that are
imposed to achieve compliance with
the externally imposed rules.

Identify and discuss using relevant and recent
examples.

CXC A38/U2/16 41