SMCR Senior Managers Conduct Rules Training Course

Under the Senior Managers Regime, all senior managers must comply with the FCA's six Individual Conduct Rules (ICRs) and four Senior Managers Rules (SMRs).

Senior Managers are expected to comply with all 10 Conduct Rules and take 'reasonable steps' to prevent breaches.

Our SMCR Conduct Rules Course helps your Senior Managers to learn about the rules, their contraventions and their application in practical situations.

SMCR Senior Managers Conduct Rules Training Course

About this Course

Available as part of our SMCR Course Library.

Learning objectives

This course will help your senior managers to:

Recall the Financial Conduct Authority (FCA) Conduct Rules that apply to you as a Senior Manager
State to whom the FCA Conduct Rules apply
Explain how the FCA Conduct Rules apply in practice
Describe how you will comply with the Conduct Rules in your role
Describe when the FCA might take action for non-compliance with the Conduct Rules

Latest course updates

Major revision and update of course
Adapted to incorporate the FCA's Consumer Duty
Addition of a sixth Individual Conduct Rule

Course Outline

Introduction

What are the Conduct Rules for Senior Managers?

- What are the Conduct Rules?

Individual Conduct Rule 1: Integrity

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 1: Key takeaways

Individual Conduct Rule 2: Due skill, care & diligence

-Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 2: Key takeaways

Individual Conduct Rule 3: Cooperation with regulators

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 3: Key takeaways

Individual Conduct Rule 4: Customers' interests

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 4: Key takeaways

Individual Conduct Rule 5: Market conduct

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 5: Key takeaways

Individual Conduct Rule 6: Consumer Duty

- Examples of breaches
- You decide: Is it a breach?
- Individual Conduct Rule 6: Key takeaways

Additional rules for Senior Managers

Senior Manager Conduct Rule 1: Effective control

- Examples of breaches
- You decide: Is it a breach?
- Senior Manager Conduct Rule 1: Key takeaways

Senior Manager Conduct Rule 2: Compliance with regulatory requirements

- Examples of breaches
- You decide: Is it a breach?
- Senior Manager Conduct Rule 2: Key takeaways

Senior Manager Conduct Rule 3: Effective delegation

- Examples of breaches
- You decide: Is it a breach?
- Senior Manager Conduct Rule 3: Key takeaways

Senior Manager Conduct Rule 4: Disclosures to regulators

- Examples of breaches
- You decide: Is it a breach?
- Senior Manager Conduct Rule 1: Key takeaways

Breach notification

Serious consequences

- In the news: Regulatory repercussions

Summary

Assessment

Course Specifications

Structure

Approximately 60-minute long e-learning course followed by a 10-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.