SMCR Certified Persons Conduct Rules Training Course

The FCA categorises a number of Senior Management Functions (SMFs). But other roles could still cause significant harm to a firm or its customers. Those who carry out these roles are deemed as Certified Persons.

Certified Persons do not need to be approved by the FCA, but firms need to check and certify that they are fit and proper to perform their role. This has to be done at least once a year.

A cornerstone of the regime is a set of six Individual Conduct Rules that apply to all individuals working in financial services.

This SMCR Conduct Rule course helps your Certified Persons to learn about these rules, their contraventions and their application in practical situations.

SMCR Conduct Rules Training for Certified Persons

About this Course

Available as part of our SMCR Course Library.

Learning objectives

This course will help your Certified Persons to understand:

The purpose of SMCR and Conduct Rules
What a Solo-Regulated Core Firm is
Why they are a Certified Person and have been assigned this course
Fit and proper requirements and how to comply with them:
- Senior Managers Regime
- Certification Regime
- Conduct Rules
FCA Conduct Rules that apply to each Certified Person
How to comply with the Conduct Rules in their workplace and role

Latest Course Updates

Major revision and update of course
Adapted to incorporate the FCA's Consumer Duty
Addition of a sixth Individual Conduct Rule
Content made suitable for all SMCR firm types

Course outline

Introduction

The Purpose of Conduct Rules & SMCR

Background

The New Accountability Regime

Fit & Proper Assessment

- Honesty, integrity and reputation
- Competence and capability
- Financial soundness
- Exercise: Assessing fitness and propriety
- Fit and proper: Enforcement

The Conduct Rules

Individual Conduct Rule 1

-You make the call: Is it a breach of ICR 1?

Individual Conduct Rule 2

-You make the call: Is it a breach of ICR 2?

Individual Conduct Rule 3

-You make the call: Is it a breach of ICR 3?

Individual Conduct Rule 4

-You make the call: Is it a breach of ICR 4?

Individual Conduct Rule 5

-You make the call: Is it a breach of ICR 5?

Summary

Assessment

Course Specifications

Structure

Approximately 30-minute long e-learning course followed by a 12-question assessment

Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via your client style sheet.

Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.