SMCR - good practice workshop

Outline & Objectives

Although the Senior Managers and Certification Regime (SMCR) is fast becoming a part of business-as-usual, the requirements and obligations on firms and individuals continue to be fine-tuned by the regulators. These modifications are being made in the light of operational experience and to address more immediate disruption caused by the pandemic and moves towards new norms of working.

As part of the process of integrating firms’ responses to the SMCR with their broader people policies and procedures, operational responsibility for SMCR implementation is increasingly being delegated to the HR function. In consequence, it is ever more important for HR professionals, as well as those in Compliance and the other control functions, to understand the obligations and ramifications of the SMCR and to keep up to date with the latest developments.

This good practice workshop is designed to update participants on recent regulatory developments and provide a forum in which to compare and benchmark their approach towards delivering SMCR requirements and objectives in their organisation.

Agenda

Topics to be explored may include but are not limited to:

• The Directory and data submission
• Optimising the delivery of ongoing Conduct Rules training
• Issues arising from regulatory referencing requirements
• Reassessment of fit and proper status
• Performance management and remote supervision 
• Staff wellbeing and psychological safety
• Handling Conduct Rule breaches
• Succession planning and handovers
• Securing equivalence between remote, office-based and hybrid working
• Beyond the minimum – SMCR as a basis for enhanced people practices across the firm
• Developing and reinforcing the corporate culture - striving for exemplary conduct