SMCR has been a catalyst for change – an opportunity to establish healthy cultures and effective governance in firms by encouraging greater individual accountability and setting a new standard of personal conduct. As part of this, SMCR aims to encourage a culture of staff at all levels taking personal responsibility for their actions whilst making sure firms and staff clearly understand and can demonstrate where responsibility lies. By leveraging our resources, we can provide targeted training to ensure senior managers have the necessary understanding of the FCA's SMCR requirements.

We have worked with global firms to undertake independent assessments of candidates for an SMF position. Taking full consideration of the FCA's SMCR requirements in respect of knowledge, experience and background, we were able to evaluate the candidate's fitness & overall probity. We provided the firms with our findings and a defined learning and development plan to address any gaps in the candidate's knowledge and skills. Firms are required to carry out this exercise annually to ensure that individuals are Fit and Proper to perform their roles. All staff must also be trained on the conduct rules and their knowledge refreshed annually. Firms must also have a mechanism for identifying and reporting any breaches of the conduct rules to the FCA.

Our online Conduct Rules training will help you and your business stay compliant with the Senior Managers and Certification Regime. Our pricing is based on a license fee of only £50 per user and a customized module is priced on application. The benefits of our training:

End to end solution
Engaging and expert led
Cost effective
Accessible and flexible

We advise a wide range of FCA regulated companies on the SMCR.

Our regulatory consultants and our regulatory employment lawyers collectively have decades of experience in conduct risk and corporate governance, both of which are key drivers in understanding SMCR. Our sub sector expertise allows us to provide pragmatic and proportionate assistance in the following sectors:

Insurance and insurance brokers
Wealth and Asset Management
Consumer Credit
Banking

In addition to the types of work identified in our case studies, we can assist clients in post implementation of SMCR:

Conduct periodic reviews of SMCR controls in place including reviewing policies and structures
Advise on the process of transitioning from a core firm to an enhanced firm
Advise upon and mitigate the risks of changing/inadequate SMCR controls in corporate restructuring and/or the acquisition and embedding of new business