The Mental Capacity Act - Principles & Best Practice for Financial Services

Introduction

This new virtual classroom seminar will equip financial professionals and compliance officers with essential knowledge about the Mental Capacity Act (‘MCA’) and its implications for financial services.

You will learn about the principles of the MCA, the assessment of mental capacity, and best practices for ensuring compliance in financial decision-making.

What You Will Learn

This live and interactive course will cover the following:

• Understanding the Mental Capacity Act:
• Overview of the Mental Capacity Act and its purpose
• Key principles of the MCA and their relevance to financial services
• The importance of mental capacity in financial decision-making
• Assessing mental capacity:
• Guidelines for assessing an individual's mental capacity
• Factors influencing capacity assessments in financial contexts
• Best practices for conducting capacity assessments in compliance with the MCA
• Decision-making under the MCA:
• Understanding the roles of attorneys and deputies in financial decision-making
• The process of making decisions in the best interests of individuals lacking capacity
• Legal implications of decisions made on behalf of individuals under the MCA
• Compliance obligations for financial services:
• Overview of compliance requirements related to the MCA
• Strategies for ensuring adherence to MCA principles in financial practices
• Training and awareness programs:
• The significance of training staff on the Mental Capacity Act
• Developing effective training programs focused on mental capacity assessment
• Fostering a culture of understanding and respect for client autonomy
• Challenges and best practices:
• Common challenges in implementing the MCA in financial services
• Best practices for navigating complex cases involving mental capacity
• Case studies illustrating effective compliance with the MCA
• Future trends and developments:
• Emerging trends in mental capacity assessments and financial services
• Preparing for future challenges and opportunities in financial decision-making

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.