• Course
    Embedding The Senior Managers & Certification Regime in FCA Solo Regulated Firms (1911SMCR)
  • Dates
    23 April 20 - 10:00
    2 September 20 - 10:00
    26 November 20 - 10:00
  • Venue
    City Of London
  • Course Fees (excl. VAT)
    Multiple Booking £405.00
    Single Booking £450.00
  • CPD Credits
    3

Total Price: £405.00

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Get this course in-house
Or call 0203 178 4230
or email info@fstp.co.uk today.

 

Course Overview

Knowing the implementation date for the second round of SM&CR is the 9th December 2019 doesn’t necessarily make it any easier. Firms will be at different stages in preparing to meet the requirements that this enhanced regulation will bring. For the banks, building societies and designated investment firms the implementation phase is long gone but living with the everyday implications is still keenly felt. One thing they will tell you is that preparing for that implementation took a lot longer than they had anticipated.

Feedback from the regulators has demonstrated that a lot can be learned from mistakes and lack of application to the process. They are expecting you to learn from those mistakes and will be less than tolerant if you don’t.

Holding individuals to account is a key component of effective regulation. The Regulators believe the Senior Managers Regime, SMR and the Certification Regime, CR will address the lack of trust in the Financial Services Sector following the 2008-2009 financial crisis.

The focus on the behaviour and competence of individuals who hold positions of responsibility which could cause client, industry and market detriment has never been more intense.

Individuals in positions of influence who have never held approved person status before will now be held accountable for their decisions and actions.

Whether you are an Enhanced or a Core Firm the Regulators will look at how you are applying the new requirements appropriately for:

  • The Senior Managers Regime
  • The Certification Regime
  • The New Conduct Rules
  • Fit and Proper Assessment

Benefits

The regulator expects SM&CR to be an itemised agenda point.

Attending this two hour briefing will give you an overview of what the regulator requires of Senior Managers and what this practically means to the firm as a whole. There are a number of key considerations and actions that need to be completed – this briefing highlights what they are, your responsibilities and what needs to be done before 2018.

Enhanced or Core –you need to know the score.

The Course Agenda

The Background to the Requirements 

  • Who and what is affected and why?

The Senior Managers Regime 

  • The implications to the current Controlled Function population
  • Prescribed responsibilities
  • The Responsibilities Map
  • The Handover

The Certification Regime

  • Individuals affected
  • Key Implications
  • Transition

The New Conduct Rules 

  • Who’s affected – the wider population?
  • Change in practice and terminology
  • Training required

Fit and Proper 

  • Fit and Proper standards
  • The implications of failing Fit and Proper standards
  • Notifying the regulator

Implications to the Remuneration Code

  • The tighter  mitigating remit
Download PDF
Get this course in-house

Or call 0203 178 4230 or email info@fstp.co.uk today.

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Meet The Tutor

Richard Galley
Richard Galley
Director of Learning
[Read about...]

Who is this course for?

 

  • Heads of Compliance
  • Heads of HR
  • Heads of T&C
  • Senior Managers
'This training helped me understand better how to approach vulnerability and will be useful to design training courses internally.'

Head of Personal Loans
Finance and Leasing Firm

 

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With first hand industry knowledge and an intimate understanding of the regulatory environment, we always guide you with an expert (and friendly) hand.

Packed with relevant information

We know you’re busy, so we’re careful not to waste a minute of your time. Our training courses are fast paced, insightful and filled with valuable information.

Get personalised attention

Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.

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