SM&CR Compliance • Professional Guidance
Senior Managers & Certification Regime Tools
Comprehensive SM&CR compliance support and resources. Manage Senior Manager Functions, Certification Regime requirements, Conduct Rules, and Prescribed Responsibilities with expert regulatory guidance.
Four Key Components of SM&CR
Understanding the SM&CR framework requirements
Senior Management Functions (SMFs)
Key roles requiring FCA approval
- SMF appointments and approvals
- Statements of Responsibilities
- Management responsibilities maps
- Fitness and propriety assessments
- Annual SMF assessments
Certification Regime
Annual certification for specific roles
- Certification function identification
- Annual certification process
- Fitness and propriety checks
- Regulatory reference requirements
- Record keeping obligations
Conduct Rules
Standards of behavior for all staff
- Individual Conduct Rules (all staff)
- Senior Manager Conduct Rules
- Training and awareness programs
- Breach reporting procedures
- Investigation frameworks
Prescribed Responsibilities
Allocated responsibilities for key areas
- PR allocation to SMFs
- Documentation requirements
- Responsibility mapping
- Governance frameworks
- Board oversight
SM&CR Firm Categories
Three tiers of SM&CR application
Limited Scope
Simplified regime for smaller firms
- Fewer SMFs required
- Simplified responsibilities
- Reduced compliance burden
- Appropriate for most small firms
Core
Standard regime for most FCA firms
- Full SMF framework
- Complete Certification Regime
- All Conduct Rules apply
- Standard Prescribed Responsibilities
Enhanced
Stringent regime for large firms
- Additional SMFs required
- Enhanced governance requirements
- Stricter accountability
- Extended responsibilities
How MEMA Supports Your SM&CR Compliance
Comprehensive SM&CR implementation and ongoing compliance support
SMF Support
- SMF identification
- FCA approval applications
- Statements of Responsibilities
- Management responsibility maps
Certification
- Function identification
- Assessment frameworks
- Annual certification processes
- Record keeping systems
Conduct Rules
- Training programs
- Breach procedures
- Investigation frameworks
- Reporting systems
Ongoing Support
- Annual reviews
- Regulatory updates
- Advisory services
- Compliance monitoring
Need SM&CR Implementation Support?
Our regulatory experts provide comprehensive SM&CR implementation and ongoing compliance support
📞 Phone: 0330 133 0811
📧 Email: contact@memaconsultants.com