Understanding SM&CR

If your firm is required to maintain a management responsibilities map, here’s what you need to know… Broadly, the requirement to create and maintain a

The creation and maintenance of handover materials is a key responsibility of senior managers under the Senior Managers and Certification Regime (the “SM&CR”). If you

The Senior Managers Regime is the aspect of the Senior Managers and Certification Regime (the “SM&CR”) which applies to executives who truly have responsibility for

Under the Senior Managers and Certification Regime (the “SM&CR”), anyone who qualifies as a “Certification Employee” is subject to the Certification Regime. If you have

Under the Senior Managers and Certification Regime (the “SM&CR”), the FCA maintains and publishes a directory of certain assessed people working with financial services (the

The “Conduct Rules” are a set of high-level standards which apply DIRECTLY to almost everyone working within the UK financial services industry. Here’s what you

Fit and proper testing is another key element of the SM&CR. Here’s what you need to know… Fit and proper testing applies to Senior Manager,

Statements of Responsibilities are a key element of the SM&CR and a key focus of the FCA. If you bear these basic rules in mind,

Dealing with regulatory references under the SM&CR really isn’t that difficult if you are aware of these 10 key rules… You must request a regulatory