Senior Manager & Certification Regime (SMCR)

News

As you are probably aware, SMCR comes into force on 9 December 2019 and affects all Financial Services and Markets Act (FSMA) authorised firms.

SMCR is a major change and will require firms to think carefully about how they approach both implementation and ongoing compliance. It means that all firms must identify and evidence, within their organisation, staff who have a level of responsibility/authority that could potentially impact adversely on your clients.

What you are required to do is determined by whether your firm is categorised as Core, Limited or Enhanced, you can check which you fall into using the FCAs useful Firm Checker Tool.

To support your SMCR implementation and minimise the impact of the changes on your business, we have created three service packages. The options include a toolkit containing comprehensive implementation guidance and templates, training webinars available on-demand so you can watch at your convenience and access as many times as required, and remote consultancy support from our experts. Full details are outlined on the attached flyer, further information and a sign-up form can be found our website here.

In addition to the three defined packages above, we have also developed a service for those requiring minimal support with SMCR implementation. Our Solo option includes a templated Statement of Responsibilities and access to our training webinars and would be suitable if you are a single Director with sole responsibility for your firms regulated activities. Please contact us if you feel this would better meet your requirements.

As a partner of Tower Leasing we are offering you reduced rates for these services, please use the code TWLSMCR to benefit from these rates. Should you have any questions, or wish to discuss SMCR support please contact us via the webform or at smcr@compliancy-services.co.uk.

Best regards,
Compliancy Services

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