Professional Training

The Extension of SM&CR and the Impact on Senior Management

FourthLine Learning, In London
2 days
2 days

Course description

The Extension of SM&CR and the Impact on Senior Management

The extension of the Senior Managers and Certification Regime (SM&CR) to investment firms in December 2019 represents a major overhaul of the way in which individuals working within financial services are regulated. The new rules increase the number of employees who are subject to regulatory obligations, whilst significantly enhancing the accountability of those in senior management positions. They also impose potentially onerous obligations on firms, from the documentation of management responsibilities to the training of employees on the application of the Conduct Rules.

We have extensive experience in training senior managers and other staff who are subject to the SM&CR and we have developed a range of training solutions to suit a wide variety of requirements. Our 2-day training course will provide an overview of what the regulator requires and expects from Senior Managers and subsequently what it entails for the firm as a whole. Learn about the key considerations, key actions, what needs to be done and the responsibilities to be adopted by those of significant influence within your firm.

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Suitability - Who should attend?

  • Senior Management
  • Approved Persons
  • Compliance Professionals
  • Human Resources and Heads of Learning & Development

Training Course Content

By the end of our training workshop, you will:

  • Gain a rich understanding of the shape and structure of both the SMR directive and the Certification Regime.
  • Understand the background to the requirements
  • Recognise the prescribed responsibilities for Senior Managers
  • Map out the day to day activities of regulated Senior Managers
  • See how the rules apply to the wider population of your firm
  • Recognise the new Conduct Rules, who is affected and the impact on your firm as a whole
  • Learn how the FCA wants Senior Managers to behave
  • Understand what Significant Influence Function ‘fit and proper’ requires
  • Recognise the good and poor practices of firms that have implemented SMR
  • Recognise the systems and controls necessary to support the management of the firm
  • Understand what actions are to be taken at each level within your firm