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
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
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
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