Senior Managers & Certification Regime

Seminar Overview


We will be assessing compliance with the new SMCR requirements as part of our ongoing supervisory work” (FCA’s Dear CEO letter, Jan’20). In this SMCR course you will understand what SMCR is, why it matters and what you need to do to ensure you have embedded SMCR within your organisation and can explain all this to the FCA.

Originally rolled out to the banking sector in 2016, the Senior Managers and Certification Regime (SMCR) was extended to all regulated firms (~47,000) in December 2019

This regime affects all FCA regulated firms including non-UK firms with permission to carry out regulated activities in the UK, and it focuses on three key areas:

  • The Senior Managers Regime
  • The Certification Regime
  • Conduct Rules
  • It introduces a set of conduct rules to be applied to virtually all employees (bar a small subset of ancillary employees)
  • Failure to adhere to the conduct rules creates an obligation for regulated firms to report to the FCA


The following topics will be covered:

  • The timeline of misconduct
  • The approved person regime
  • APER
  • SMCR framework
  • Senior Manager Functions (SMFs)
  • FCA mapping tables
  • Prescribed responsibilities
  • Statement of responsibility (SORs)
  • Duty of responsibilities
  • SMF conduct rules
  • FCA reasonable steps
  • Certification regime
  • Significant harm functions
  • The FCA register
  • F&P assessment
  • Certificate issuance
  • Conduct rules
  • Compliance with conduct rules
  • Breach reporting
  • Culpability standard
  • Regulatory reference
  • Lessons learned


Who should attend?


  • Senior Managers who fall under the SMF categorsiation and need to ensure they are fully aligned to their obligations as part of SMCR
  • Significant harm functions employees (aka certified persons) who are now subject to SMCR conduct rules but may yet to be certified as competent by their organisation
  • Professionals in support functions for SMCR such as HR, Compliance, Legal and Technology who require a front-to-back overview



A CPD certificate will be provided to all attendees, which may be considered appropriate by your company for the accrual of CPD hours. 


To Reserve a Place 

Email This email address is being protected from spambots. You need JavaScript enabled to view it., call +44 (0)20 7422 0063 or book online. You will receive confirmation of your booking within 24 hours. Price inclusive of all course material. Price exclusive of VAT.

Training and Venue Information

CPD Authorised Yes
Event Date 16-04-2020
Event End Date 16-04-2020
Event Time 12:00 - 14:00
Price £99.00
£99.00 1000