The Financial Services Authority (FSA) in Scotland has launched an e-Learning package for small firms to help them work out what financial resources they need to meet regulatory requirements.
Firms need to keep adequate financial resources at all times and this online training course is designed for those with little or no accounting knowledge. The financial watchdog has already introduced various initiatives to assist small firms, which include improvements to the Firm Contact Centre such as longer opening hours at key times; more targeted newsletters and webpages; tailored Handbooks; and a range of workshops, training courses, roadshows and surgeries. The e-Learning package is a new way of offering assistance to firms and may offer extra support to those that need it.