The Financial Services Authority organized a program in advanced certificate in governance, risks and compliance in collaboration with the International Compliance Association (ICA) for the employees of the regulated entities in the capital market and insurance sectors.

The program was held during the period from May to September 2024 and included five workshops via   ZOOM teleconferencing. The participants were tested at the end of the program to obtain the professional certification plus one-year membership in the International Compliance Association qualifying the members to benefit from the literature, training courses and services offered by the ICA.

The advanced ICA certificate program in governance, risks and compliance included comprehensive reviews of main compliance, risk management and governance issues that affect the roles and responsibilities of compliance officers and is designed to upgrade and enhance the acquired knowledge through updated experience focusing on practical implementation of such knowledge and understanding. The participants were able to understand the regulatory environment, their objects and characteristics as well the ethics and institutional governance in addition to the main types of risks the companies are encountering and effective management as well as the role of compliance and the overlapping with governance and risk management.

The program is part of the programs and workshops aimed at enhancing the awareness of the regulated entities of their roles and responsibilities as well and the legislative roles of the FSA.