Comply with the SMCR requirements

SMCR Document Pack for FCA Authorisation

The Senior Managers and Certification Regime (SMCR) replaced the Approved Persons Regime (APR) for solo-regulated firms from 9 December 2019. The SMCR applies to almost all FSMA authorised firms and to branches of non-UK firms with permission to carry out regulated activities.

Know Your Compliance Limited launched our industry leading SMCR Document Pack for FCA authorisation in 2018. We continuously update the content to ensure ongoing compliance with the regime. Suitable for all business types, the SMCR policy templates can be used by limited scope, core and enhance firms. Firms already authorised by the FCA and those going through a new FCA application who have obligations under the SMCR need to ensure that: –

  • all relevant staff are trained on the Conduct Rules and how they apply to their roles
  • all staff in certified roles are assessed as fit and proper to perform that role and are issued with a certificate
  • they submit data to the FCA for the directory of key people working in financial services

SMCR Templates & Conduct Rules Training

For firms who don’t want to reinvent the wheel by writing all of their own documents and policies, Know Your Compliance Limited provide regulatory compliance content that is fully customisable and helps organisations to meet the myriad of controls, requirements and expectations set by regulators such as the FCA.

SMCR TemplatesOur SM&CR Document Pack provides high quality, professional content and easy to use formats. Our templates are fully customisable and are already used by over 6000 organisations in regulated industries across the globe. Whether you need to complete and evidence a FIT assessment, write an SMF Handover Policy or draft your statement of responsibilities, we can help!

We also offer supporting compliance packs to several of the Prescribed Responsibilities obligations for firms who do not already have these policies and templates in place.

  • (d) – Responsibility for the firm’s policies & procedures for countering the risk that the firm might be used to further financial crime – See our AML Toolkits
  • (z) – Responsibility for the firm’s compliance with CASS – See our CASS Manual
  • (j-3) – For firms outsourcing its internal audit function (outsourcing, due diligence & conflicts of interest) – See our Supporting Policies

SMCR Guidance from the FCA

The FCA have published extensive guidance and advice for solo-regulated firms on the Senior Manager & Certification Regime requirements. Their detailed publications and website help pages will guide you through what you need to have in place for SMCR compliance. Visit the FCA’s PDF Guidance Paper here.

SM&CR PACK CONTENTS

  • Instruction Sheet
  • SM&CR Policy Document
  • Firm Type Assessment Guide
  • Certification Functions Certificate Template
  • Statement of Responsibilities Template
  • Management Responsibilities Map Template
  • FIT Assesment Process & Record
  • SMF Handover Policy
  • SM & PR Register Template
  • SMF Due Diligence Checklist
  • SMF Due Diligence Questionnaire
  • SMF Induction Checklist
  • Conduct Rules Policy
  • Conduct Rules Training Guidance
  • Skills Gap Analysis Template (Excel)
  • Training & Development Policy
  • Training Evaluation Template
  • Training Log Template
  • Whistleblowing Policy
  • Induction Policy & Checklist (new)
  • Recruitment & Selection Policy (new)
  • Job Description Template (new)

Our complete pack is only £145+vat, making it affordable for firms of all scope and size.

Read more about the SMCR contents!

Supplying over 6000 organisations with regulatory templates, policies, manuals and training packages, we have the experience and knowledge to combine ready-to-use, but fully customisable content where it is needed most.

Take a look at our world class range of FCA Templates and Toolkits to help accelerate your FCA application. From bespoke toolkits such as CASS and SMCR, through to the UK’s leading FCA Compliance Manual. We spend our time writing policies so that you don’t have to!

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