Senior Managers and Certification Regime

The Senior Managers and Certification Regime has been effective since 9 December 2019 for UK Solo Regulated Firms, such as investment managers, investment advisers, fund managers and brokers. The FCA has said that the SMCR plays a key role in its continued focus on culture and governance in firms, and builds on initiatives to help identify and assess key senior individuals.

Our Regulatory Solutions team can assist with implementing all aspects of the SMCR:

Senior Managers Regime

  • Statement of Responsibility
  • Criminal Records Checks
  • Fitness and Probity
  • Regulatory References
  • Prescribed Responsibilities
  • Overall Responsibilities
  • Responsibility Maps
  • Handover procedures
  • Duty of responsibility

Certification Regime

  • Certification Functions
  • Issuing of Certificates
  • Assessment of Fitness and Probity
  • Regulatory References
  • Training

Conduct Rules

The Conduct Rules – that apply to virtually all employees – are a key pillar of the regime and we have produced a helpful introductory video for Senior Managers, Certified Employees and Other Employees.

Please don’t hesitate to get in touch if you would like our Regulatory Solutions team to provide bespoke Conduct Rule training to your team.

If you are interested in receiving a free copy of the slides used in the video above, please fill out the form below to access the download link.