SMR - Senior Managers Regime

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4 Oct 2018 London

Special Summer Promotion until 31 of Aug £775 + VAT. Regular price £875 + VAT. 10% discount for 3 people.

Course Description

In March 2016 the first part of Senior Managers Regime ‘SMR’ came into force together with it's equivalent for the insurance sector - SIMR - Senior Insurance Managers Regime. Both set out key elements of holding individuals within financial services to account to maintain long-terms stability of organisations.

By March 2018 Certification Regime ‘CR’ will replace current Approved Persons regime. The Regulator wants to keep key senior managers accountable in case of any mismanagement in order to avoid some of the high profile cases from the past few years.  

Attending this one day course will give you an overview of what the regulator requires of senior managers and what this means to the firm as a whole. Learn about key considerations and actions, what needs to be done and the responsibilities to be adopted by those of significant influence within your firm.
 
Benefits of the course:
  • Reduce the risks of breaching the new regulation
  • Get a real-life perspective on the role of a regulated Senior Manager - The course will help you get a working understanding of the complex rules and give you a firm grasp on your responsibilities, and help you perform your role in a way that protects you and your firm from FCA sanctions.
  • Protect you and your firm by identifying your high-risk activities - The course guides you through the practical application of the rules in a way that gives a better understanding of your business and the activities that are putting you at a greater risk. 

 

What Will You Learn

By the end of the course you will be able to:

  • Appreciate and understand the background to the requirements
  • Understand the structure and shape of both the Senior Managers Regime and the certification regime
  • Recognise the new Conduct Rules, who’s affected, the change in terminology and impact on your firm as a whole
  • Understand what Significant Influence Function ‘Fit and Proper’ requires
  • Learn how the regulator expects Senior Managers to behave
  • Understand how ‘normal’ business activities can lead to breaches
  • Recognise the systems and controls necessary to support management of the firm

 

You may be also interested in one of those programmes: 

 

Register for any 2 courses and save £100 + VAT (in total, not per course)

Main Topics Covered During This Training

  • The Senior Managers Regime - Regulation and requirements
  • Implications for Senior Management
  • The shape and structure of SMR
  • Prescribed responsibilities
  • The Certification Regime
  • Fit and Proper requirements
  • Day to day activities of regulated Senior Managers
  • Conduct Rules
  • Implications for the wider population of the firm 
  • Review actions taken by the FCA and PRA
  • Review of the good and poor practices of firms that have implemented SMR
  • Action planning - What actions are to be taken at each level within your firm

Who Should Attend

  • Senior Management 
  • Approved Persons
  • Compliance Professionals
  • Human Resources / L&D  / Training
  • Risk Management
  • Internal Audit
  • Third party administrators and other service providers from the investment management sector.
Register Now

4 Oct 2018 London

Special Summer Promotion until 31 of Aug £775 + VAT. Regular price £875 + VAT. 10% discount for 3 people.

Senior Managers Regime - A 1 Day Course

 

The Background to the Requirements

  • What is the FCA looking to achieve
  • Who within firms are affected
  • Feedback from banks and insurance firms that are now under the regime
 
The Senior Managers Regime
 
  • Implications for Senior Management
  • The shape and structure of SMR
  • Prescribed responsibilities
  • The responsibility map
  • Certificate of responsibility
  • Hand over documentation
 
The Certification Regime
 
  • Who is affected
  • ‘Training and competence’, Company structure and support
 
Fit and Proper requirements
 
  • Standards of FCA fitness and propriety 
  • The implications of failing the Fit and Proper standards
  • Keeping the regulator informed
 
Day to day activities of regulated Senior Managers
 
  • What the FCA expect from Senior Managers
  • What to expect at a Senior Managers FCA interview
  • How to meet ‘Fitness and Propriety’ standards
 
Conduct Rules
 
  • Implications for the wider population of the firm 
  • How do the new rules affect existing regulation?
  • The help and support your employees need
 
The experience of firms operating under the new regimes
 
  • Review actions taken by the FCA and PRA
  • Review of the good and poor practices of firms that have implemented SMR
 
Action planning
 
  • Consider how your firm’s current Significant Influence Function processes and procedures will need be enhanced
  • What actions are to be taken at each level within your firm

 

            - Senior management
            - Management 
            - Team leaders 
            - Employees
 
 
Summary and course close

The Course Director is a highly experienced financial services regulatory management and training consultant, previously a compliance director - Head of Compliance Monitoring & Regulatory Reporting, with an impressive commercial track record across financial services operations in a range of economic cycles.

His professional experience includes the development and implementation of compliant processes and procedures that include areas such as: governance and oversight; effective systems and controls; client on-boarding and market conduct projects. His clients include firms such as: Dresdner Kleinwort Wasserstein, AXA Framlington, Deutsche Bank and currently Woodford Investment Management.

In addition to consulting engagements, he delivers regulatory training courses on the subjects of Financial Crime, Client Assets, Conduct Risk, Governance and Oversight, Senior Management Regime, Effective Compliance Monitoring. He has worked closely with the Financial Ombudsman Service and the Finance and Lease Association on complaint handling and management.

SMR - Senior Managers Regime <p>In March 2016 the first part of Senior Managers Regime &lsquo;SMR&rsquo; came into force together with it's equivalent for the insurance sector - SIMR - Senior Insurance Managers Regime. Both set out key elements of holding individuals within financial services to account to maintain long-terms stability of organisations.</p> <p>By March 2018 Certification Regime &lsquo;CR&rsquo; will replace c ... 1538611200 London