Senior Management Obligations under the SM&CR - 11 November 2020

Date: 
11 November 2020 - 9:30am - 11:30am GMT
Type: 
Training (London)
Division: 
ACA Compliance (Europe)
Location: 
Virtual Training
Cost: 
£299 + VAT

Course Overview:

The ever-increasing focus by the Regulators on the accountability of senior management, particularly when things go wrong, emphasises how important it is for individuals in senior positions to have a clear understanding of what is expected of them. This succinct course is designed to assist Senior Managers to have a full understanding of what they need to do to meet their obligations and achieve compliance with the requirements of the Senior Managers and Certification Regime (SM&CR).

Course Objectives:

Attendance at this course will provide you with:

  • Recognise the principal features of the obligations created by the SM&CR
  • Position the SM&CR requirements within the broader regulatory context
  • Identify the risks for individuals and possible mitigants
  • Consider actions that will need to be taken by firms to achieve compliance with the SM&CR requirements

Key topics:

  • The regulatory framework
  • Overview of the SM&CR
  • The Senior Managers Regime
  • Staying fit and proper and keeping up to date
  • The Individual Conduct Rules
  • Managing with skill, care and diligence
  • The Senior Manager Conduct Rule
  • Senior managers’ responsibilities for running the business
  • Securing a corporate culture which delivers Conduct Rule compliant behaviour
  • Implementing the certification regime
  • Dealing with leavers, severance and disciplinary issues
  • The protections of “reasonable steps”
  • SM&CR, corporate governance and the duties of directors

Course aimed at: Senior Managers, including Executive Directors, Non-Executive Directors and holders of required functions; those preparing to assume SMF responsibilities; Risk, Compliance and Internal Audit specialists; Human Resources and Learning and Development specialists.

This course can be delivered onsite or as an instructor lead course at a firm’s office.

If you would like to discuss your training requirements in more detail please contact ACA's Training Team on +44 (0)20 7042 0500 or your usual ACA consultant.