Comply with the SMCR requirements

List of Requirements

The Senior Managers and Certification Regime (SMCR) replaced the Approved Persons Regime (APR) for solo-regulated firms from 9 December 2019 and is now a mandatory requirement for solo and dual regulated firms. Our SMCR Toolkit has now been updated to include the upcoming Consumer Duty rules for the COCON handbook, including training guidance on the new Conduct Rule 6. The Consumer Duty comes into force form 31st July 2023, but the FCA expect firms to implement the changes and be compliant as soon as possible.

Know Your Compliance Limited launched our industry leading SMCR Document Pack for FCA authorisation in 2018 and have regularly updated the contents and added to the template list. The SMCR Toolkit now contains 31 policies, templates, tools and assessments to help any firm meet their SMCR obligations. 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
  • they carry out fit and proper assessments on relevant employees
  • they conduct a compliant and effective skills gap analysis

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 7500 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.

Supplying over 7500 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!

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
  • Conduct Rules Breach Form (new)
  • Training & Development Policy
  • Training Evaluation Template
  • Training Log Template
  • Whistleblowing Policy
  • Induction Policy & Checklist
  • Recruitment & Selection Policy
  • Job Description Template
  • Sample Interview Techniques & Questions (new)
  • Excel Skills Gap Analysis Tool (new)
  • Skills Gap Analysis Procedures (new)
  • Individiual Skills Gap Assssment Form (new)
  • Department Skills Gap Assssment Form (new)

Our complete pack is only £175+vat, making it affordable for firms of all scope and size.

 

Read more about the SMCR contents!

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