UK financial watchdog the Financial Services Authority has launched an e-learning package to help small firms work out which financial resources they need to meet regulatory requirements.
According to the FSA, firms need to keep adequate financial resources at all times, and the online training course is designed for those with little or no accounting knowledge.
The FSA says the e-learning package can be accessed via the FSA’s website. There are also web pages dedicated to small firms that contain targeted newsletters, frequently asked questions, top tips and information about training and events.
Stephen Bland, retail intermediaries sector leader at the FSA, said, As part of our commitment to make it easier for small firms to do business with us we have been working to improve what we offer them. We have made a good start, but there is still work to be done. The e-learning package is a new way of offering assistance to firms and may offer extra support to those that need it.