Why This Course?Need a kick start to your SMCR project? well this course will equip you with everything you need to know and everything you need to doThe extension of the Senior Managers and Certification Regime (SM&CR) to investment firms in December 2019 represents a major overhaul of the way in which individuals working within financial services are regulated.The new rules increase the number of employees who are subject to regulatory obligations, whilst significantly enhancing the accountability of those in senior management positions. They also impose potentially onerous obligations on firms, from the documentation of management responsibilities to the training of employees on the application of the Conduct Rules.We have extensive experience in training senior managers and other staff who are subject to the SM&CR and we have developed a range of training solutions to suit a wide variety of requirements. You will also gain access to a 50% discount in our special offer promotion for a valuable aid to your implementation planning.Run by a Chartered Fellow of the CISI and someone with years of experience in implementing the SMCR in the banking and insurance world, you will benefit from;Leveraging the trainers experience with the banking roll-out; we look to unpick the lessons to be learnt for the SMCR extension to all regulated firmsPacked with practical exercises to focus on the identification of key employees and what you need to do in the lead in to SMCRConduct rules; what are they, what do they mean & why do they matter?Walk away with a clear plan of your next steps for your SMCR implementationThe Course ObjectivesReview and understand the history to the SMCR and where it came fromTo know and understand the key employee categorisations within your firm, SMFs, CR, non-approved and ancillaryBe able to evaluate your SMFs; who are they and what they need to knowAnalyse your CPs and define who will be in this categoryApply the conduct rules to your firm and your organisationReview the breach process and how to apply within your firm, as well as when and whyKnow who to train and whatUnderstand the need for accurate regulatory referencing under SMCRAppreciate the need for accurate, effective and reflective governance and how you run your business.In SummaryOriginally rolled out to the banking sector in 2016, the Senior Managers and Certification Regime (SMCR) is about to be extended to around 47,000 additional firms.Beginning with insurance companies, from December 2018, and reaching asset managers and other regulated firms in December 2019.The Financial Conduct Authority (FCA) is tightening up its rules, replacing the current Approved Persons Regime with the Senior Managers and Certification Regime (SMCR). The regime has already been operating in the banking sector for some time and will this year extend to all within the financial services sector.This change will affect all FCA regulated firms including non-UK firms with permission to carry out regulated activities in the UK, and it will focus on three key areas:The Senior Managers RegimeThe Certification RegimeConduct RulesThe implementation date has been set for the 9th December 2019Target groupAll staff within authorised firms will be in scopeSenior Manager Functions (SMFs)Certified Persons (CPs)Non-approvedAlso strongly recommended for those who will be directly involved in the implementation; Compliance & HR.