SM&CR Manual + Templates

The 41-page SM&CR Manual + Templates document is an FCA-aligned guide for embedding accountability and governance in financial services under the Senior Managers and Certification Regime. Built on SYSC, PRIN, and 2025 FCA updates, it ensures compliance, reducing misconduct risks and enhancing client trust through clear responsibilities and conduct rules.

It details processes for Senior Management Functions, certification, and Conduct Rules, with customizable templates for Statements of Responsibilities and fitness assessments. Supporting audits, SMCR accountability, and Q1 2025 thematic reviews, it fosters a culture of transparency and compliance.

Includes:

• Governance & Accountability

• Roles & Responsibilities of the Governing Body

• Oversight by Compliance & Risk Management Functions

• Ongoing Reporting to the FCA

• Training & Competency Requirements

• Definition of Senior Management Functions (SMFs)

• FCA-Designated SMFs (SUP 10C)

• Statements of Responsibilities (SoR)

• Responsibilities Map (for Enhanced Firms)

• Prescribed Responsibilities (PRs)

• Senior Manager Handover Process (Enhanced Firms)

• Roles Requiring Certification

• Fitness & Propriety Assessments

• Issuing & Renewing Certificates

• Record-Keeping Requirements

• FCA Fit & Proper Test Overview

• Key Assessment Criteria (Honesty, Competence, and Financial Soundness)

• Criminal Record Checks & Regulatory References

• Overview of FCA Conduct Rules

• Reporting Conduct Breaches

• Monitoring & Compliance

• Record Keeping & Documentation

• Enforcement & Disciplinary Actions