
Overview of SM&CR for FCA Solo Firms
Our SMCR Overview training course will help your employees understand the key steps needed to comply with the regime. That includes:
- Preparing a Statement of Responsibilities
- Pre-approval of Senior Managers by the regulators
- Reasonable steps needed to stop regulatory breaches
- Identification of all Certified Persons
- Fit and proper assessment of all Certified Persons
- Ensuring Senior Managers understand the duty of responsibility
- 30 Minutes
- All staff
- Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.

Learning objectives
- Understand the key elements of the SM&CR and how they apply to you
- Be aware of the Senior Management Functions and the allocation of responsibilities in our Firm
- Understand how fitness and propriety are assessed, and comply with the requirements
- Understand and comply with the Conduct Rules
- Understand and comply with the Certification Regime
What can you expect your employees to learn?
Introduction
What is SMCR?
-
The 3 key elements
-
Who does the Senior Managers Regime apply to?
-
SMFs for insurers
-
SMFs for banks
-
Independence requirements & banned combinations of SMFs
What are Prescribed Responsibilities?
- Allocating responsibilities - process flow
Hand-offs
Allocation of Responsibilities
NEDs & the Chairman
- You make the call: Is the Chair or the Senior Manager responsible?
What can Senior Managers delegate?
Duty of Responsibility
- Reasonable steps
- What can Senior Managers do to protect themselves?
- Preventive measures
Assessing Fitness & Propriety
- Honesty, integrity & reputation
- Competence & capability
- Financial soundness
The Certification Regime
Conduct Rules
- Individual Conduct Rules
- Senior Manager Conduct Rules
- Compliance with Conduct Rules
- Senior Manager compliance
Summary
Affirmation
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Your questions, answered
Common FAQs
Are the courses SCORM-compliant?
Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.
What other tools are needed beyond training?
A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.
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