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      CPD certified

       Course takes between 30 and 45 mins to complete

      From only £30 inc. VAT

       Fully automated interactive online solution

      30% discount for all AIMA Members

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    Learning outcomes

    On completion of our SMCR courses, you will:

    • Understand the aims of SMCR
    • Attain a high-level understanding of the three areas of SMCR as it relates to your level of seniority: Senior Managers Regime, Certification Regime and Conduct Rules
    • Have a sound understanding of the Conduct Rules and how they apply to you
    • Understand the risks of contravening the SMCR regime
    • Achieve CPD points

     

    • SMCR Overview course outline

      Introduction
      – A background to the SMCR regime and the content of the training course.

      Senior Managers Regime
      – Statements of Responsibilities
      – The duty of Responsibility
      – Prescribed Responsibilities
      – Sharing Senior Management Functions
      – Sharing Prescribed Responsibilities
      – Overseas Managers
      – The 12-week Rule
      – Non-executive directors
      – Partnerships under the Senior Managers Regime

      Certification Regime
      – Certification functions
      – Performing more than one Certification Function
      – Senior Managers and the Certification Function
      – Significant Management Certification Function
      – Overseas employees

      Fit and Proper requirements
      – Fit & Proper test
      – Evidence requirements
      – Criminal records checks
      – Regulatory references

      Conduct Rules
      – Two tiers of Conduct Rules
      – Activities the Conduct Rules apply to
      – Who the Conduct Rules apply to
      – Training requirements
      – Reporting breaches of the Conduct Rules

      Features
      – Designed by Experts
      – Compatible on multiple devices
      – E-Learning modules available offline
      – Tailor any module to your needs
      – Trackable testing & administrative tools
      – Bespoke implementation on our LMS or yours

    • SMCR for Senior Managers course outline

      The Senior Managers Regime – An Overview
      – Increased accountability
      – Key aspects of SMR
      – Who is defined as a Senior Manager?

      Your Responsibilities as a Senior Manager – the Internal Framework
      – The Statutory Duty of Responsibility
      – Statements of Responsibilities
      – Prescribed Responsibilities for Senior Managers

      Fit and Proper Requirements
      – Honesty, integrity and reputation
      – Competence and capability
      – Financial soundness
      – Background checks and references

      Conduct Rules for Senior Managers

      FCA Notifications
      – Pre-approval
      – Code of Conduct breaches

      Summary of the Certification Regime
      – Overview
      – Certification Functions

      Conduct Rules revisited

      Quiz

      Features
      – Designed by Experts
      – Compatible on multiple devices
      – E-Learning modules available offline
      – Tailor any module to your needs
      – Trackable testing & administrative tools
      – Bespoke implementation on our LMS or yours

    • SMCR for Certified Staff course outline

      Introduction to the SMCR Framework
      – A background to the SMCR regime and the content of the training course.

      How SMCR Applies to a Certified Person

      The Certification Regime – an Introduction
      – What are Certified Functions?
      – Territorial Scope
      – The FCA Directory
      – Issuing Certificates
      – What does Certification involve?

      The Fit and Proper Test
      – Honesty, integrity and reputation
      – Competence and capability
      – Financial soundness
      – Regulatory references

      Conduct Rules

      What are the risks to you?

      What next?

      Quiz

      Features
      – Designed by Experts
      – Compatible on multiple devices
      – E-Learning modules available offline
      – Tailor any module to your needs
      – Trackable testing & administrative tools
      – Bespoke implementation on our LMS or yours

    • SMCR Conduct Rules course outline

      The aims of SMCR

      Three Elements of SMCR
      – Senior Managers Regime
      – Certification Regime
      – Conduct Rules

      Conduct Rules Overview
      – Overview
      – Who must follow the conduct Rules?
      – What is the standard of conduct expected of me?
      – Regulatory references

      The Conduct Rules in detail

      What are the risks to you?
      – Internal disciplinary action
      – FCA breach reporting
      – FCA sanctions
      – What else you should be aware of?

      Quiz

      Features
      – Designed by Experts
      – Compatible on multiple devices
      – E-Learning modules available offline
      – Tailor any module to your needs
      – Trackable testing & administrative tools
      – Bespoke implementation on our LMS or yours

        FAQs:

    • What is a Limited Scope Firm?

      With only three Senior Management Functions (SMF) and no Prescribed Responsibilities, as a Limited Scope firm your obligations are less than that of Core and Enhanced firms.

      However, you will still have to identify which of your staff members will fall into the new senior managers regime and the certification regime. You will also see a significant change to the templates and forms that you currently use, as well new annual training requirements. Scroll down for our options for Limited Scope Firms.

    • What is a Core Firm?

      With six new Senior Management Functions (SMF) and five new Prescribed Responsibilities, as a Core Firm your obligations are significant.

      Firms first priority will be to identify which staff members will fall into the new senior managers regime and also the certification regime. You must then create a new statement of responsibilities document for your SMFs, as well as consider what needs to be done to ‘map’ Significant Influence Functions onto the new SMFs. In addition to this you must then consider your new annual training obligations.

    • What is an Enhanced Firm?

      As an Enhanced Firm, your obligations are more onerous than Limited Scope or Core Firms, with 17 new Senior Management Functions (SMF) and 12 new Prescribed Responsibilities.

      A firm’s first priority will be to identify which staff members will fall into the new senior managers regime and also the certification regime. You must then create a new statement of responsibilities document for your SMFs, as well as consider what needs to be done to ‘map’ Significant Influence Functions onto the new SMFs. In addition to this you must then consider your new annual training obligations.

    • FCA Firm Classification Diagram

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