Since 9th Dec 2019 (SM&CR) came in to effect meaning that firm which authorised under FSMA that meet the rules must comply. This is very important as the FCA want to identify who is in charge of specific roles within the organisation and that information is up to date and confirmed.
Have comprehensive assistance navigating the Senior Managers and Certification Regime (SMCR), ensuring seamless compliance and robust governance. Our services are designed to help you meet the stringent requirements of SMCR effectively and efficiently.
Senior Management Responsibilities
Role Mapping and Responsibility Allocation - We assist in defining and documenting the roles and responsibilities of senior managers, ensuring clear accountability.
Statements of Responsibility (SoRs) - Detailed SoRs for each senior manager, outlining their specific responsibilities and regulatory obligations.
Management Responsibility Maps - We develop and maintain detailed responsibility maps, providing a clear overview of the firm’s governance structure.
Certification Regime
Fit and Proper Assessments are done for all certified staff, ensuring they meet the necessary standards of competence, capability, and integrity, ensuring timely and accurate certification of relevant employees in preparation for reporting .
Tailored Training Programs are important to ensure all staff, including senior managers and certified persons, understand their obligations under the SMCR conduct rules regarding on going regulatory changes, helping your team stay informed and compliant.
Updates and Guidance
we employ continuous support and guidance on regulatory updates, ensuring your firm remains compliant with evolving SMCR requirements. Our experts are available for consultations, offering insights and advice on complex SMCR-related issues to identify any deficiencies in your current SMCR compliance framework and provide actionable recommendations for remediation.
Ask us about the service you require so we can audit to evaluate the effectiveness of your SMCR compliance efforts, identifying strengths and areas for improvement.