Implementing Individual Accountability

Course Outline & Objectives

This focused workshop is specifically designed to help those responsible for implementing the Senior Managers and Certification Regime (SM&CR), prepare for the new regime, get to grips with the requirements and identify how best to embed the obligations within business as usual.

More specifically it will help:

• Effectively prepare for the new regime, by examining each of its elements and the interactions between them
• Consider how to implement the requirements in light of the thresholds and obligations relevant to your firm and business model
• Understand the longer-term implications of the regime and how to embed the requirements into your firm’s ongoing operating practices
• Ensure you are up to date with the latest developments as the operational aspects of the extended regime are clarified
• Benchmark your approach against market good practice

The programme is designed for delegates from FCA solo-regulated firms but will also help those from dual-regulated firms who are already subject to the SIMR requirements but who will have to upgrade to SM&CR.

Who will benefit?

Anyone responsible for setting up and implementing the SM&CR within a financial services organisation, especially individuals in Risk, Compliance and Operations. The course may also be of interest to Human Resources staff and to those in Internal Audit.

Training Approach

This workshop uses a combination of trainer input, knowledge sharing with interactive syndicate work and case studies.

Course Agenda

Topics include but are not limited to:

• Background to Accountability II
• Overview of the requirements
• One size does not fit all
• The Senior Managers Regime
• Certification
• Fit and Proper
• Conduct Rules
• SM&CR – more than just a project