FCA to hold webinar to help firms implement new regime

The Financial Conduct Authority recently issued a reminder to firms about the Senior Managers and Certification Regime (SM&CR). In this reminder the regulator has recommended that firms should now be preparing for 9th December 2019, when the new regime comes into effect.

In support of firms’ planning for SM&CR the FCA are holding a webinar on 3rd June 2019. The webinar will explain why SM&CR is important and what is needed to implement the regime. A Q&A session will follow with a speaker panel to answer questions. Webinar attendees are invited to submit questions when they register.

To enrol on the FCA SM&CR webinar, taking place on 3rd June click on the link below:


The aim of the SM&CR is to promote healthy cultures and effective governance in firms by encouraging greater individual accountability and establishing a new standard of personal conduct. Under the regime, all Senior Managers must have a Statement of Responsibility (SoR). Larger and more complicated firms must also have Responsibility Maps showing how the responsibilities of their Senior Managers fit together.

Firms are urged to prepare Statements of Responsibilities (SoRs) and Responsibilities Maps as early as possible as these are key documents that will be relied upon. The FCA published guidance in March to give firms practical assistance and information on preparing SoRs and Responsibilities Maps. https://www.fca.org.uk/publications/finalised-guidance/fg19-2-smcr-guidance-statements-responsibilities-and-responsibilities-maps

Some of our clients are already approaching us for additional help with SM&CR. If you’d like help to understand exactly what’s needed please get in touch with us. We can develop bespoke SM&CR training sessions for your Senior Managers, and we can support you put together the required SoRs and Responsibility Maps.



>>Click here to download our SM&CR guide for consumer credit firms

>Check how ready you are for SM&CR


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