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Operational resilience training course

Operational resilience training for fund managers and investment firms

A 45-minute, CPD-assessed course built from the administrators, custodians, platforms and data feeds regulated firms actually rely on. Important business services, impact tolerances, third parties, incidents, and what reaches a firm even if the FCA's resilience chapter does not. Scheduled, chased and certified for you.

Operational resilience training at a glance

The CPD Certification Service member logo. This course is assessed by the CPD Certification Service.CPD assessed. Every pass issues a certificate carrying the CPD mark.
Course
Operational Resilience, 2026 edition, on the FCA's operational resilience, continuity and outsourcing rules
Length
About 45 minutes, online and on demand, in seven sections
CPD
Assessed by the CPD Certification Service: 45 minutes of CPD, with the CPD mark on every certificate
Test
10 questions drawn from a bank of 30, pass mark 80%, so a retake is a different test
For
Ordinary staff at fund managers and investment firms, not only whoever owns the resilience work: operations, investment, finance and IT
Price
Included in the full catalogue of 20 courses at £120 a person a year
Meets
SYSC 15A for firms in scope, and the continuity, outsourcing and delegation rules that reach every firm
Kept current
Reflects the FCA's one-year-on findings of 27-Mar-26 and the incident reporting regime starting 18-Mar-27. Last checked Sept 2026
An honest answer about scope

Outside SYSC 15A is not outside the subject

The FCA's operational resilience chapter binds enhanced SMCR firms, banks and a handful of others. Many fund managers and MIFIDPRU firms are outside it. These still reach them.

What it covers

Seven sections, about 45 minutes

No branch counters and no ATM outages: every example is a fund administrator, depositary, transfer agent, order management system, market data feed or cloud host.

  1. 01

    What operational resilience means

    Why resilience is a different question from business continuity and disaster recovery, where the rules live and which firms they bind, and the three other places the same obligations already live for a firm outside them.

  2. 02

    Important business services

    What makes a service important, why the test is harm to clients rather than inconvenience to the firm, what the list tends to look like at a fund manager, two mistakes the FCA has already called out, and which services your own work sits inside.

  3. 03

    Impact tolerances

    Why a tolerance is set by where harm becomes intolerable, not by what the firm can manage today, why the gap is the point, why a tolerance is not a recovery time objective, and why time alone is a weak tolerance. Includes a filmed scenario.

  4. 04

    Mapping, testing and the self-assessment

    What a good map surfaces, severe but plausible scenario testing, lessons learned, communications, and the written self-assessment and why an internal document gets this much attention.

  5. 05

    Third parties and outsourcing

    The rule that the firm stays responsible, the stricter position for an AIFM, what managing a third party properly involves, concentration and the fourth party you have never heard of, critical third parties, and what is coming.

  6. 06

    Incidents and reporting

    Why disruption rarely announces itself, what the firm must tell the FCA now, what changes in March 2027 and its three thresholds, and a decision on a Friday afternoon. Includes a filmed scenario.

  7. 07

    Your part in it

    The four things that belong to everybody: know which services you support, notice when something is not right, report it promptly to the right place, and never work around a broken control silently.

Your part in it

Four things that belong to everybody

1

Know which services you support

And what they rely on, including the provider whose name you only see on an invoice.

2

Notice when something is not right

Disruption rarely announces itself. It usually looks like an ordinary Tuesday.

3

Report it promptly, to the right place

The same day, through the firm's route, without waiting until you are certain.

4

Never work around a broken control silently

A quiet workaround hides the vulnerability the firm most needs to see.

What your staff will be able to do

Spot the disruption that looks like a Tuesday

The course teaches enough of the framework for people to see where their own job sits in it, then spends its last third on what an individual actually does. By the end, a learner can:

  • Tell operational resilience apart from business continuity, and say what each one asks
  • Identify which important business services your own work sits inside, and what they rely on
  • Set an impact tolerance from where client harm becomes intolerable, not from what the firm can do today
  • Treat a gap between tolerance and capability as a vulnerability to record and fix, never a line to move
  • Describe what you actually do when a map or a questionnaire asks, workarounds included
  • Report a disruption through the firm's route the same day, without waiting until you are certain
  • Answer the claim that a provider's outage was the provider's problem rather than the firm's
Filmed scenarios

Two decisions, made on camera

Two short films, shot for Fundsure with the same cast across the catalogue. In one, a meeting is about to set an impact tolerance at the figure the firm can manage today, and a colleague saw what the last outage did to clients. In the other, late on a Friday, an administrator’s system problem has left a fund dealing without a price. After each, the learner chooses what to do, and is told why the tempting answers are wrong: accepting the achievable figure, splitting the difference, leaving it with the administrator because it is their system, or emailing investors directly.

The test at the end draws 10 questions from a bank of 30, with a pass mark of 80%, and a pass issues a named, CPD-marked certificate that anyone can check online.

The 2026 edition

Where the FCA has got to

Checked against the Handbook and the FCA's published findings. Last checked Sept 2026.

Fully in force

SYSC 15A's transitional period ended 31-Mar-25. Firms in scope must now be able to stay within each impact tolerance in a severe but plausible disruption.

The FCA's one-year-on findings

Published 27-Mar-26: separate tolerances for consumer harm and market integrity often missing, third parties still the weakest area, and some firms claiming no scenario breaches tolerance without genuinely severe testing.

Incident reporting from 18-Mar-27

A single regime run by the FCA, PRA and Bank of England for reporting operational incidents, with three thresholds, and separate FCA rules from the same day on notifying material third-party arrangements.

The provider's outage is the firm's problem

Failing to stay within a tolerance is the firm's responsibility even where the cause sits with a third party, and an AIFM's liability is unchanged by delegation.

Concentration and fourth parties

Two suppliers that look like diversification but run on the same cloud region or data source, and the provider behind your provider that nobody has assessed.

Honest about scope

Many AIFMs and MIFIDPRU firms are outside SYSC 15A. The course tells them to ask which they are, and shows what reaches them anyway.

Why firms train on resilience

Much of what a firm promises is done by somebody else

The firm stays responsible for every service it outsources or delegates. The people who notice a provider failing, and who describe the real process when a map is drawn, are rarely the people who own the resilience framework, which is why the course is for them.

In the Fundsure Portal the course is scheduled for the people who need it, chased before the deadline, and every sitting, score and certificate is kept and carried into the compliance officer’s report to the board.

How the portal runs training
£120per person, per year

Operational resilience and every other course

Operational Resilience plus Cybersecurity, AIFMD and IFPR, Data Protection and the rest of the catalogue of 20, with no per-course fees.

  • Join part-way through a month and the rest of it is free
  • Add people during the year for the months that remain
Book a demo
FAQ

Operational resilience questions, answered

Related courses

Taken alongside it

Try the operational resilience course first

We will send you a link to take the whole course, filmed scenarios and test included, or walk you through the portal with a demonstration firm.