SMCR Conduct Rules | Conduct Rules Training

Under the FSMA, the FCA were given powers to write Conduct Rules that would apply to most of the employees within a firm. Applied to the banking sector in 2016, the FCA have now extended the Senior Managers Regime to apply to all solo-regulated firms from 9th December 2019. The enforceable Conduct Rules set out […]

SMCR Deadline Extension

The Senior Managers and Certification Regime (SMCR) replaced the Approved Persons Regime (APR) for solo-regulated firms from 9th December 2019. Firms with obligations under the SM&CR have until 9th December 2020 to ensure: – all relevant staff are trained on the Conduct Rules and how they apply to their roles all staff in certified roles […]

FCA Compliance Manual

With more and more firms setting up under FCA regulation, Know Your Compliance Limited offer the most comprehensive FCA Compliance Manual on the market, already used by thousands of organisations in a vast array of regulated sectors, we understand how to write policies, procedures and templates that can be fully customised and save hours of […]

SMF Handover Policy

Under the Senior Managers Regime, SYSC 25.9.4 of the FCA Handbook advises that Enhanced firms must take reasonable steps to ensure that a person becoming or taking over a role of a Senior Management Function (SMF) Manager, must be provided with adequate information and materials to enable them to carry out the job and their […]

How to Write a Certificate for Certification Functions

Certification Functions are those that cover specific functions that are not not specified as Senior Management Functions, but that can still have a significant impact on customers, the firm and/or market integrity. The FCA does not approve those individuals performing certification functions in the same way that they do Senior Managers. Instead, the firm itself […]

SMCR Compliance | Senior Managers Regime

The FCA are extending the Senior Managers and Certification Regime (SM&CR) to include solo-regulated firms from 9th December 2019. This extension aims to reduce harm to consumers and strengthen market integrity. There are 3 categories under the SM&CR: – Limited Scope: these firms will be exempt from some baseline requirements and will typically have fewer […]