SM&CR Training Courses

Duration: 50 minutes  |  Format: E-learning module  |  Accreditation: CPD

The Senior Managers and Certification Regime (SM&CR) has changed how senior managers in financial services are regulated by placing increased emphasis on individual accountability and setting higher standards of personal conduct.

This course will help your employees to understand how this regulatory regime impacts on your firm and its senior managers.

Learning objectives:

• Be aware of the Senior Management Functions and the allocation of responsibilities in your company
• Understand the importance of the Statements of Responsibilities
• 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

Versions available:
Banking, Building Society, Insurance, Solo-regulated (Core, Enhanced, Limited scope)

Duration: 40 minutes  |  Format: E-learning module  |  Accreditation: CPD

Under the Senior Managers Regime, all Senior Managers at are required to comply with the FCA's five Individual Conduct Rules (ICRs) and four Senior Managers Rules (SMRs).

This course will help your Senior Managers to understand these nine conduct rules, their application and common violations.

Learning objectives:

• Understand and comply with fit and proper requirements
  - Honesty, integrity and reputation
  - Competence and capability
  - Financial soundness
• Understand the FCA Conduct Rules that apply to each Senior Manager
• Comply with the Conduct Rules in work and in discharging allocated responsibilities

Versions available:
Banking, Building Society, Insurance, Solo-regulated (Core, Enhanced, Limited scope)

Duration: 30 minutes  |  Format: E-learning module  |  Accreditation: CPD

Under the FCA's Certification Regime, all employees in positions that require certification are required to comply with the set of five Individual Conduct Rules (ICRs) prescribed by the FCA.

If you are a Certified Person or are due to be certified, you should do this course to learn about the ICRs, the common violations and how they apply to your function. Firms can customise this course too.

Versions available:

• The purpose of SM&CR and Conduct Rules
• Definition of the firm's regulatory type (see versions below)
• Why the learner is a Certified Person and has been assigned this course
• Fit and proper requirements and how to comply with them
  - Honesty, integrity and reputation
  - Competence and capability
  - Financial soundness
• The FCA Conduct Rules that apply to each Certified Person
• How to comply with the Conduct Rules in the workplace and each role

Versions available:
Banking (Corporate finance, Global markets, Retail), Building Society, Insurance, Solo-regulated (Core, Enhanced, Limited scope, Asset management)

Duration: 20 minutes  |  Format: E-learning module  |  Accreditation: CPD

Some employees are not covered under the Senior Managers and Certification Regime, however, they are still required to comply with the FCA's five Individual Conduct Rules (ICRs).

This course will help non-Certified Persons learn about ICRs, their contraventions and their application to practical situations.

Versions available:
Banking, Building Society, Insurance, Solo-regulated

Duration: 10 minutes  |  Format: Microlearning module  |  Accreditation: CPD

This ten-minute express module will give your employees a quick but comprehensive overview of the Senior Managers and Certification Regime and the individual conduct rules.

Learning objectives:

• Understand why an individual accountability regime has been implemented
• Be aware of the three key elements of SM&CR:
  - Senior Managers Regime
  - Certification Regime
  - Conduct Rules
• Appreciate how this regime impacts your firm

Versions available:
Senior managers, Other conduct rule staff