Working in the heavily regulated world of financial services can sometimes feel more complex than it should do. Especially when the regulation in question is the Senior Managers and Certification Regime, or as it’s more commonly referred to SMCR.
SMCR is now a key part of the regulatory landscape, with the repercussions of getting it wrong having potentially serious consequences, not just for firms themselves, but for each accountable Senior Manager employed by them.
Since 2016, FSTP has supported numerous firms, across all sectors of Financial Services, in their preparation for SMCR’s implementation. However, for those firms who are still to enter the regime there can seem an overwhelming amount to complete such as fitness and propriety assessments, Certification of relevant employees and role-specific conduct rules training for all except ancillary staff.
Those firms who’ve already become subject to the Regime will admit there are serious considerations to be given to the cultural transformation and what this means for them after implementation.
If you are finding any aspects of SMCR and/or cultural transformation difficult to pin down, rest assured that you are not alone. However, FSTP is here to help. We can provide you with as much or as little support as you need.
Below is a sample timeline that shows the stages we offered support to the last round of firms to implement SM&CR.
Download your SMCR guide below.
If you have any questions around your SMCR project, or want to request a hard copy of our SMCR guide please complete the contact form below.
To discuss next steps, please call us today on 0203 178 4230. Or email email@example.com.
Contact us today to discuss your SM&CR requirements.
0203 178 4230
``By making today’s session interactive and by asking us all questions throughout, getting us thinking and not just ‘listening’ to what you are saying, I feel we were all more engaged and I certainly took more away from the training… I am now better able to understand and apply SMCR in a firm-wide context, rather than just how it applies to my role.``
Private Client Investment
With our systematic approach, we can help you tackle SM&CR in your stride, rather than viewing it as a major hurdle. We develop an action plan tailored to your business. This means less stress for you, no last minute panics and fewer sleepless nights.
Having been closely involved with firms captured in the first wave of SM&CR, we can help you avoid the common, and not so common, pitfalls when implementing the new regime.
We can provide you with a bespoke solution depending on your current situation. Whether you need a full suite of support, have identified areas upcoming that are going to require further resource or simply want to consult a 'critical friend' to gain valuable feedback on what you have done, or are planning to do. Whatever you need, we have a solution that will compliment your existing projects.