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 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.