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. Scroll down for our solutions for Enhanced firms.

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. Scroll down for our solutions for Enhanced firms.