SMCR Software Solution

The FCA’s Senior Managers and Certification Regime (SMCR) represents a paradigm shift in regulatory compliance for the financial services sector in the UK.

Compliance with SMCR requires dozens of checks across every senior manager and certified person in your organisation. It's a daunting and laborious task that drains management time.

SMCR 360® is a suite of compliance tools that help you centralise, integrate and automate your SMCR processes to improve accuracy, reduce risk and save you time.

Streamline SMCR compliance

Our technology-based SMCR compliance solution helps firms to implement effective compliance and risk measures and deliver on their obligations under the SMCR.

By drawing on information from multiple sources SMCR 360 creates and manages complete profiles.

It conducts dozens of checks every day and then alerts you to overdue requirements and upcoming tasks that you, or your senior managers and certified persons, need to attend to.

This means that you can confidently submit your senior managers for FCA approval, certify your material risk takers plus report overall compliance to regulators and auditors.

Automate key processes

Streamline approvals of senior managers and annual certification of material risk-takers
Automate record-keeping and chase-ups to save time
Enforce record-keeping consistency firm-wide
Improve accountability and management oversight
Identify upcoming SMCR tasks and potential compliance gaps
Become audit-ready for regulatory and reference requests

Book a Personal Demo

We'll spend 30 minutes understanding your compliance challenges and recommending learning solutions.

Our Compliance Portal combines our award-winning LMS with a suite of RegTech tools to transform your staff compliance.

You can manage all of your compliance needs in one place. No more flipping between screens or moving data from pillar to post!

Request a Demo

SMCR 360® toolkit applications

Senior Managers Register

Assign Senior Management Functions (SMFs)
Assign Prescribed Responsibilities (PRs) & other responsibilities as appropriate
Maintain up-to-date Statements of Responsibility (SoR) & handover notes
Generate Responsibilities Maps
Access comprehensive individual profiles including records of training, attestations, FPQ, COI & breaches
Keep a comprehensive log of all assignments and changes
Generate regulatory references
Create alerts for upcoming tasks & potential compliance gaps

Certified Persons Register

Conduct fit and proper assessment and certification
Keep a comprehensive log of all assignments and changes
Access comprehensive individual profiles, including all records and certificates
Create alerts for upcoming tasks and potential compliance gaps
Create alerts for annual re-certification
Generate regulatory references

Learning Management System

Pre-requisite for SMCR 360
Deliver all compliance e-learning, including Conduct Rules
Track completions and send automated chase-ups
Priced separately

Offline Training Register

Record formal training sessions as well as informal advisory sessions
Automate dual confirmations to provide robust evidence
Record CPD points

Gifts & Hospitality Register

Record gifts and hospitality that are offered and received
Implement policy thresholds for automatic approval

Conduct Rule Breach Register

Record & report conduct rule breaches
Record disciplinary actions

Fit & Proper Questionnaire

Collect all the information required by the FCA & more
Track completions and send automated chase-ups
Create alerts for all possible non-compliance issues ahead of an assessment

Conflict of Interest

Customise to your business activities
Track completions and send automated chase-ups
Create alerts for any conflicts of interest that need attention

Policy Hub

Maintain all compliance policies including those related to SMCR
Require attestation of policies
Track completions & send automated chase-ups