SM&CR DOCUMENT PACK

SM&CR Templates

COVID-19 UPDATE: The Treasury has agreed to delay, from 9 December 2020 until 31 March 2021, the deadline for solo-regulated firms to have undertaken the first assessment of the fitness and propriety of their Certified Persons. The FCA also intend to extend the same deadline for: –
– the date the Conduct Rules come into force
– the deadline for submission of information about Directory Persons to the Register

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

Whilst the SMCR rules and requirements were enforced from the 9th December 2019, solo-regulated firms had a further 12 months to develop and implement certain areas of the SM&CR (now extended to 31st March 2021). Byt his date, firms need to ensure: –

  • 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

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 the same standard of high quality content and easy to use formats already used by over 3000 organisations in regulated industries and offers templates and policies for areas such as assessing fitness and propriety, adequately documenting management responsibilties & SM functions, applying the certification regime to the correct employees and documenting and evidencing compliance with the SM&CR.

The SMCR Document Pack is available to download instantly after payment has been made and a VAT invoice is provided with all orders. If the rules and regulations are added to or amended in the future, we also provide free updates via email, so you can be assured of ongoing compliance with the latest requirements.

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

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

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

Read more about the SMCR contents!

Documents are available as an instant download after payment and utilise Microsoft Office formats for quick & easy customisation and editing.

Free updates for the first year (i.e. due to updated content where the requirements have changed or where we add a new template to the pack). 

Suitable for all industries & business types as uses FCA’s handbook requirements and not sector specific content, making editing quick and straightforward.

Supplying over 4000 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.

Our SM&CR Document Pack comes with a detailed guidance document covering the regime, as well as templates and policies in areas such as FIT; SMF due diligence; SMF handovers; assessment templates and checklists.

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