In order to perform a Senior Management Function (SMF), Senior Managers need to be approved by the FCA and, for dual regulated firms, the PRA. Regulators will assess whether they are fit and proper to perform the function allocated to them.
Senior managers are assessed against three main factors to determine fitness and propriety. These key factors are honesty, integrity and reputation, competence and capability and financial soundness.
Our SMCR Fit and Proper Assessments Training Course explains how regulators assess fitness and propriety in senior management.
Available as part of our SMCR Course Library.
This course will prepare you to:
- Scenario: Honesty, integrity & reputation
- Scenario: Competence & capability
- Scenario: Financial soundness
- Key questions
Approximately 20-minute long e-learning course followed by a 5-question assessment.
Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.
SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via your client style sheet.
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.
Fully customisable on Skillcast Portal CMS.
Pre-translated versions not available, but all text content can be exported for translation into all languages.
Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.