SMCR for Newly Appointed SMFs - Your Role & How to Avoid the Pitfalls

Introduction

The Senior Managers and Certification Regime (‘SMCR’), introduced for dual regulated firms in 2016 and for solo regulated firms in 2019, is one of the most impactful regulatory regimes in recent history.

Its purpose is to improve the accountability and governance of financial services firms.

The SMCR places more responsibility on senior managers for their actions and decisions and those with senior management functions (‘SMFs’) must maintain fitness and propriety or risk losing their role.

The SMCR enables the FCA to take enforcement action against senior managers where there is clear evidence of wrongdoing.

Ultimately, the SMCR aims to encourage a positive culture led by senior managers who demonstrate integrity and responsibility in their decision making.

This new virtual classroom seminar will explore the background to the SMCR, what it means for your role, and how to avoid any pitfalls.

It is suitable for recently appointed senior managers in regulated financial services firms, or those looking to move to SMF roles in the near future.

What You Will Learn

This live and interactive course will cover the following:

• Introduction to the Senior Managers and Certification Regime (‘SMCR’)
• SMCR - key components
• Requirements for senior managers
• First steps in your new role
• Understanding the duty of responsibility

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.