One of the main features of the SMCR is ensuring firms assess the fitness and propriety of their employees.
This is a requirement for any staff member performing an SMF or certification function. The requirement also applies to Non-Executive Directors (NEDs) who are not Senior Managers (except in Limited Scope firms).
It is also important to note that once employees are in this type of role, firms should assess them on an ongoing basis.
Our FCA Fit & Proper Checklist will help you quickly identify the requirements for assessing if staff are fit and proper for their role.
