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We can assist with SM&CR:

The Financial Conduct Authority (“FCA”) place huge emphasis on culture and governance within regulated firms. Senior Manager & Certification Regime (“SM&CR”) seeks to expressly apply rules that govern the standard of behaviour expected of all individuals that operate in the regulated financial services (including non-approved persons) and promote a culture of accountability from the top down and the bottom up. SM&CR is categorised into three distinct categories which apply requirement under SM&CR proportionately.

 

These categories are;

  • Limited Scope- firms which are exempt from some baseline requirements and will typically have fewer Senior Management Functions.
  • Core- firms in this tier have to comply with the baseline requirements of SM&CR.
  • Enhanced- these are a small number of firms whose size, complexity and potential impact on consumers or markets require enhanced rules.

 

 

What does Senior Managers and Certification Regime mean for you?

To ensure that you embed SM&CR in your business you need to ensure that you implement policies and procedures and promote compliance through activities such as;

  •  Ensuring that you have identified which SM&CR tier firm you are and ensure you have appropriate monitoring in place to ensure are fully prepared where you move across categorisation.
  • Consistent and regular training for Senior Managers and relevant employees.
  • Create procedures required to ensure relevant team members are fit and proper for their roles.

Get our help with Senior Manager and Certification Regime

 

Our team of dedicated professionals support our clients through e-learning, classroom training, Senior Manager applications, Senior Manager training, Statement of Responsibility and fitness and propriety testing.

 

We offer a range of packages which suit a variety of budgets, helping our clients to meet their regulatory obligations with peace of mind.

 

Get in touch with us now to discuss SM&CR.

 

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We offer a range of one-off and ongoing support services including courses to support your compliance setup and audits to demonstrate ongoing FCA compliance.

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  • “I was over-whelmed with the level of support I received from Consumer Credit Compliance. Not only was my Compliance Account Manager in regular email and telephone contact, I was also visited on-site to steer me through the complexity of applying for my consumer credit compliance authorisation. This level of support continued as my business changed legal status and a variation of permission was required by the FCA to amend my authorisation from a partnership, to that of a Limited Company. Initially, I was daunted by this process, however, having been led through this I was surprised how quickly this progressed when appropriately supported by a compliance specialist. Not only has my application now been authorised, I now also receive regular ongoing client support, including accurate and timely GABRIEL reporting. This takes another burden off my desk, as I know my Compliance Account Manager has all the key dates logged and makes contact whenever I need to take action and I am fully supported through this. I am very impressed with CCC’s efficiency and professionalism and would certainly recommend fellow business associates to engage with them. Thanks CCC for all your excellent guidance and support. It has proved invaluable.”

    Remo

    SCC Leeds

  • “We have worked with CCC since the beginning of FCA licensing process and they have been always available to answer any questions we have and helping to navigate through the full FCA approval process. As our business is growing and we might be applying for some new licenses, we will definitely use them again and would recommend them for your ongoing compliance needs as well.”

    Julian Kaljuvee

    Cashbridge Corporation

  • “I was not sure if we needed a company like yours, thinking it was for large national companies, but, I spoke on-line to one of your consultants, who impressed me with the clear information received, that I decided to go with your company for the year. Your fee was very reasonable and as soon as it was paid, Rachael, (my first point of call) replied and had all the relevant information with the F.C.A. I can now give a sign of relief that someone is looking after our interests and has the knowledge to complete the tasks. Thank you very much Rachael. I will have no hesitation in recommending your company to all the other Managers of various companies we use who are also lost in the maze of F.C.A. Reports. Once again, many thanks.”

    Muriel McClelland

    Creations Interiors Ltd

  • “Ken Brown Motors (Stevenage and Harlow) used Consumer Credit Compliance to complete our FCA application. Despite the tight deadlines for one of our applications Consumer Credit Compliance completed the application and dealt with any queries from the FCA very professionally. I was very happy with the service they provided and now use them for our ongoing compliance.”

    Peter Brown

    Ken Brown Motors

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