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Welcome to the Eversheds Sutherland Senior Managers and Certification Regime hub. Here you can find updates as and when we receive notifications from the FCA as well as helpful communications, publications and information on our SMCR Toolkit.
Our SMCR Team

What is the Senior Managers and Certification Regime?

The Financial Conduct Authority (‘FCA’) and the Prudential Regulation Authority (‘PRA’) introduced the Senior Managers and Certification Regime (SMCR), initially in 2016 for banks, PRA regulated investment firms, building societies and credit unions. In 2019, the FCA extended the regime to all FCA solo regulated firms within the financial services sector, signalling the end of the Approved Persons Regime.

The principle of proportionality has been particularly important as the SMCR is extended to the broader range of firms operating in the financial services industry. This has meant a tailored approach by regulated firms in initially implementing the regime and now embedding it.

How can our SMCR Toolkit help you

Our SMCR Toolkit for authorised firms has been designed by a combination of our consultants, financial services lawyers and HR professionals and is packed with helpful materials so that you can meet regulatory expectations cost effectively.

Project Plan SMCR Training Slides SMCR Question and answers document Responsibility map templates
Rules Matrix SMCR Policy Templates Compliance Monitoring

"We were impressed with the calibre and experience of both the legal and compliance support we received from Eversheds Sutherland. Having the legal expertise and Compliance Assurance team under the same roof was extremely effective – we really like the model. Eversheds Sutherland provided a seamless one stop shop in circumstances where we otherwise would have had to instruct separate law and consultancy firms." Head of Compliance at a major financial institution

 

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