Course Code

  • 1904SMCRI


  • The Senior Managers & Certification Regime - The Implications For Firms In Insurance
    2 April, 2019
    10:00 am - 12:00 pm


  • City of London

Course Fees (excl. VAT)

  • Single Booking £295.00 (GBP)
  • Multiple Booking £265.50 (GBP)

CPD Credits

  • 2
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Or call 0203 178 4230 or email today.

Course Overview

The SM&CR requirements for Banks have been implemented. Feedback from the regulators has demonstrated that a lot can be learned from mistakes and lack of application to the process.


SM&CR will be extended to the rest of the Financial Services, starting with insurers in December 2018 and the remainder of the industry in December 2019.


Both regulators believe that holding individuals to account is a key component of effective regulation. They envisage the Senior Managers Regime, SMR and the Certification Regime. CR will address the lack of trust in the Financial Services Sector following the 2008-2009 financial crisis.


The focus on the behaviour and competence of individuals who hold positions of responsibility which could cause client, industry and market detriment has never been more intense.


Individuals in positions of influence who have never held approved person status before will now be held accountable for their decision-making and actions.


The Regulators will look at how firms are applying the requirements for:

  • The Senior Managers Regime
  • The Certification Regime
  • The Conduct Rules (Tiers 1 & 2)
  • The Fit and Proper Assessment


If you speak to anyone in the Banks, Building Societies, Credit Unions or Designated Investment firms who were involved in the initial implementation of SM&CR they will tell you –“it took far longer than we estimated it would”.

Attending this two hour briefing will give you an overview of what the regulator requires of Senior Managers and those performing Certificated functions as well as the implications for the firm as a whole. There are a number of key considerations and actions that need to be completed – this briefing highlights what they are, your responsibilities and what needs to be done in readiness for your compliance with SM&CR.

The Course Agenda

The Background to the Requirements 

  • Who and what is affected and why?

The Senior Managers Regime 

  • The implications to the current Controlled Function population
  • Prescribed responsibilities
  • The Responsibilities Map
  • Handover arrangements

The Certification Regime

  • Individuals affected
  • Key Implications
  • Transition

The New Conduct Rules 

  • Who’s affected – the wider population?
  • Change in practice and terminology
  • Training required

Fit and Proper 

  • Fit and Proper standards
  • The implications of failing Fit and Proper standards
  • Notifying the regulator
Book Now Download PDF Get this course in-house

Or call 0203 178 4230 or email today.

Meet The Tutor

John Constable


John has worked in insurance since 1991, in senior learning and development and compliance roles in both insurers and brokers. A training consultant since 2005, John designs and delivers interactive regulatory, risk, financial and business skill training for brokers and insurers. He brings a unique blend of experience, commercial awareness, credibility and pure energy. More importantly he brings a broad multi functional perspective: the antidote to the traditional insurance “silo culture” and is equally effective at all levels: from induction training to Board level.

John has a BA (Hons) in History from Kings College London, holds a financial qualification from the Open University, a Diploma in Management from Henley Management College and is a Member of the Chartered Institute of Personnel and Development. His published articles have covered financial crime, learning and development strategies, operational risk management and Solvency II.

Who is this course for?

  • Heads of Compliance
  • Heads of HR
  • Heads of T&C
  • Senior Managers

Training that makes a difference

Experienced engaging trainers

With first hand industry knowledge and an intimate understanding of the regulatory environment, we always guide you with an expert (and friendly) hand.

Packed with relevant information

We know you’re busy, so we’re careful not to waste a minute of your time. Our training courses are fast paced, insightful and filled with valuable information.

Get personalised attention

Sessions are practical workshops not PowerPoint lectures. All courses are limited to no more than 14 attendees, so we’re able to explain concepts in the context of your business.

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