SMCR update, October 2020

Latest updates

Podcast - COVID-19 working arrangements and the role of Senior Managers

In this podcast we explore firms' working arrangements in light of the latest government guidance and what that means for Senior Managers.

Insight article - SMCR: FCA publishes new indicators on assessing fitness and propriety

In this article dated 17 September 2020 we look at the FCA's new indicators for assessing fitness and propriety and conduct rule training.

Webinar - SMCR: fitness and propriety update

This webinar looks at the implications of the FCA's newly issued indicators for assessing fitness and propriety and conduct rule training, taking into account employment legal issues. Click here to view the webinar on demand.

Insight article - FCA consultation on extending SMCR implementation deadline

On 17 July 2020 the FCA issued a press release on the Consultation Paper 20/10, covering proposed changes to the FCA's rules following the extension to the fitness and propriety assessment deadline for solo-regulated firms in relation to their certification staff. Click here to read our insight article.

Insight article - FCA update for solo-regulated firms

The deadline for firms undertaking the first fitness and propriety assessment of their Certified Persons was delayed from 9 December 2020 until 31 March 2021, with other proposals in place for other deadlines. Read more in our article dated 7 July 2020.

Products

SMCR Solution

We have developed a comprehensive SMCR portal which is designed to assist with managing the overall SMCR certification process, including training. It enables you to assign functions, run and monitor attendance at training sessions (using the SMCR Academy) and keep records of the organisation's compliance with SMCR. Implementation can be managed and viewed via an interactive management dashboard. See here for more information.

SMCR Academy

The SMCR Academy is a series of e-learning modules designed to provide the required SMCR training in a specific, tailored way to reflect the application of the rules to different categories of staff. The training has been designed specifically with the asset management sector in mind and covers both general and specific training modules on the application of the conduct rules to individual rules (eg portfolio managers, traders etc). See here for more information.

SMCR Toolkit

An online service which provides FCA regulated firms with guidance on how to implement the Senior Managers and Certification Regime. See here for more information.

Features

SMCR extension

Background

SMCR