The Senior Managers & Certification Regime

Welcome to the The Senior Managers and Certification Regime (SMCR) module

The Senior Managers and Certification Regime (SMCR) is a financial services regulation in the UK designed to impose personal accountability on senior managers at financial services firms and improve the conduct of all employees at these firms.

This Senior Managers and Certification Regime (SMCR) course provides an overview of the Senior Managers & Certification regime (SM&CR) which is the individual accountability regime that applies to firms authorised under the Financial Service & Markets Act 2000 (FSMA).

The content is relevant to solo regulated firms having limited scope or core firms. It assumes a basic knowledge of financial services regulation and previous regulatory landscapes.

We will cover practical steps to take in preparation for your firm’s implementation of SM&CR, the Duty of Responsibility, the Statement of Responsibility (SOR), the Prescribed Responsibilities, the Conduct Rules and the Certification Regime.