SMCR Overview Training Course

Our SMCR Overview training course will help your employees understand the key steps needed to comply with the regime. That includes:

  • Preparing a Statement of Responsibilities
  • Pre-approval of Senior Managers by the regulators
  • Reasonable steps needed to stop regulatory breaches
  • Identification of all Certified Persons
  • Fit and proper assessment of all Certified Persons
  • Ensuring Senior Managers understand the duty of responsibility

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SMCR Overview Training Course

About this Course

Available as part of our SMCR Course Library

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Learning objectives

This course will help your employees to:

  • Understand the key elements of the SM&CR and how they apply to you
  • Be aware of the Senior Management Functions and the allocation of responsibilities in our Firm
  • 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

Latest course updates

  • Major revision and update of course
  • Adapted to incorporate the FCA's Consumer Duty
  • Addition of a sixth Individual Conduct Rule
  • Versions of this course are available that are tailored for Dual-regulated firms (Banking, Insurance) and Solo-regulated firms (Core, Enhanced, Limited scope)

Course Outline


What is SMCR?

- The 3 key elements
- Who does the Senior Managers Regime apply to?
- SMFs for insurers
- SMFs for banks
- Independence requirements & banned combinations of SMFs

What are Prescribed Responsibilities?

- Allocating responsibilities - process flow


Allocation of Responsibilities

NEDs & the Chairman

-You make the call: Is the Chair or the Senior Manager responsible?

What can Senior Managers delegate?

Duty of Responsibility

- Reasonable steps
- What can  Senior Managers do to protect themselves?
- Preventive measures

Assessing Fitness & Propriety

- Honesty, integrity & reputation
- Competence & capability
- Financial soundness

The Certification Regime

Conduct Rules

- Individual Conduct Rules
- Senior Manager Conduct Rules
- Compliance with Conduct Rules
- Senior Manager compliance



Course Specifications



Approximately 30-minute long e-learning course followed by a 10-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.

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