This session will run online from 12.30 – 15.30.

For the banks, building societies and designated investment firms the SM&CR implementation phase is long gone and they are still grappling with what the Regulator actually requires to evidence that the regime is being embedded in their business.  So for those of you in FCA solo regulated firms getting used to what it means living with the everyday implications is still very new and for some quite challenging.

Feedback from the regulators has demonstrated that a lot can be learned from mistakes and lack of application to the process. They are expecting you to learn from those mistakes and will be less than tolerant if you don’t.

Holding individuals to account is a key component of effective regulation. The Regulators believe the Senior Managers Regime, SMR and the Certification Regime, CR will address the lack of trust in the Financial Services Sector following the 2008-2009 financial crisis .

The focus on the behaviour and competence of individuals who hold positions of responsibility which could cause client, industry and market detriment has never been more intense – especially now in the light of COVID19.

Individuals in positions of influence (SMFs) and those who have never held approved person status before will now be held accountable for their decisions and actions. SM & CR needs to be an itemised agenda point at all board meetings

This online interactive 3 hour workshop will cover;