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

About this Course

Available as part of our SMCR Course Library.

Learning objectives

This course will help your employees to:

Become aware of the Senior Management Functions and the allocation of responsibilities in your Company
Understand and comply with the Conduct Rules
Understand and comply with the Certification Regime
Understand the importance of the Statements of Responsibilities
Understand fitness & propriety assessments then comply with the requirements

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

What is SMCR?

- The 3 key elements
- Does SMR apply to you?
- Can managers share an SMF?

Time-limited Approval

Allocation of Responsibilities

- What do you think: Is he accountable?
- What are Prescribed Responsibilities?
- Allocating responsibilities process flow
- What do you think: Can these managers share an SMF?

NEDs and the Chairman

-You make the call: Is NED or SM responsible?

Transition from APER to SMCR

Statement of Responsibilities

Duty of Responsibility

- Evidence
- Reasonably expected steps
- Preventive measures

Assessing Fitness & Propriety

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

The Certification Regime

Conduct Rules

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

Summary

Affirmation

Course Specifications

Structure

Approximately 50-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.