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 five 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.

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SMCR Conduct Rules Training for Certified Persons

About this Course

Available as part of our SMCR 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

Course Versions

Versions of this course are available that are tailored to 5 key sectors:

  • Banking
  • Insurance
  • Solo-regulated Core
  • Solo-regulated Enhanced
  • Solo-regulated Limited Scope

 

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

Compliance Essentials

Our comprehensive off-the-shelf compliance solution of 30+ in-depth courses and dozens of microlearning modules helps companies from SMEs to global corporates achieve compliance success.

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Course Specifications

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Structure

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

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Audience

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

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Design

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

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Test-Out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment simply bypassing the assessment.

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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.

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.