Digital Learning: Senior Managers and Certification Regime

The Senior Managers and Certification Regime (SMCR) replaced the Approved Persons Regime. This changed how people working in financial services are regulated.

This programme is designed to give those who are accountable and responsible for complying with the SMCR an overview of the SMCR requirements, reinforce key principles, and ensure employees have a clear understanding of their responsibilities.

Programme and key features

Reinforce key principles of SMCR

Which SMCR processes the firm will be implementing e.g. annual certification

The changes SMCR brings and FCA expectations

Reminder of the conduct rules

The different requirements of each three categories: SMs, certified staff, conduct rules

Required responsibilities, duties and actions (e.g. fit and proper questionnaires; checks to be carried out; review statement of responsibility; reporting to the FCA)

PE/VC specific scenarios: ‘X did this, what should X do now?’ ‘What to do in respect of fund valuations when you think the assumptions are unsupportable.’, ‘submitting expenses you know might be difficult to justify’

Breaching implications

Good and bad practices/behaviours (PE/VC specific)

Annual updates

Heavier information for SMs – clarifying their obligations

Training should prepare people to expect additional questions during checks and encourage them to be honest about what is going on/ask questions

Price

Members: £110.00 +VAT

Non-members: £220.00 +VAT

Above costs are per license lasting 6 months and excludes VAT.
Get in touch with the Learning & Development team for further information and bulk licence discounts.