2025年3月18日 · The Senior Managers and Certification Regime (SM&CR) aims to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct and competence. See how it applies to your firm.

2025年3月18日 · The SM&CR Guide for FCA solo-regulated firms is a summary of our rules and guidance on SM&CR. It gives an overview of how the SM&CR works for these firms. We have also published guidance to help solo firms with producing Statements of Responsibilities and (for Enhanced firms) Responsibilities Maps.

It provides an overview of how the SM&CR works and what firms need to do under the new regime. For firms that are currently subject to the Approved Persons Regime (APR)1, it also explains how we will move firms and individuals from the APR to the new SM&CR.

2018年12月10日 · SYSC 23.3 Overview of the senior managers and cert... There are three main elements to the regime: conduct rules that apply directly to a firm’s workforce. The table in SYSC 23.3.3G gives more details about each of those three elements. The first two columns of the table apply to all firms.

The FCA describes SM&CR as an opportunity for financial institutes to establish healthy cultures and effective governance by encouraging individual accountability and setting standards for personal conduct. The SM&CR legislation was formed in response to the 2008 banking crisis and significant conduct failings such as the manipulation of LIBOR.

Release 45 Mar 2025 www.handbook.fca.org.uk SYSC 23/7 (1) (3) (2) Description of compon- Application to solo-ent of the regime Handbook provisions regulated firms Afirmsolo-regulated SYSC 23.4(Criminal re- Does not apply to alim-by theFCAshould cord checks for non-ex-ited scope SMCR firm. carry out criminal re- ecutive directors) Applies to ...

2025年3月19日 · In December 2022, the government announced, as part of the Edinburgh Reforms, that HM Treasury (HMT), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) (‛the authorities’) would commence separate reviews of the Senior Managers and Certification Regime (SM&CR). [1]

2025年1月6日 · The FCA may, on a case-by-case basis, require a limited scope SMCR firm or a core SMCR firm to comply with the requirements that apply to an enhanced scope SMCR firm if the FCA considers it appropriate to do so to advance one or …

2019年7月30日 · Under the SM&CR, solo-regulated firms are categorised as Enhanced, Core or Limited Scope. Find out which category your firm is in and how you can review this.

2023年7月2日 · Introduced in the UK from 2016 by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the Senior Managers and Certification Regime (SM&CR) is a regulatory framework designed to enhance the accountability and conduct of individuals working in the financial services industry.