Senior Managers' Responsibilities - A Guide for FCA Authorised Firms under SMCR - Live at Your Desk

Introduction

The Senior Managers & Certification Regime is one of the most important set of requirements issued by the Financial Conduct Authority (FCA). The regime creates a culture of accountability within firms from the top down, with the onus placed on individuals to take responsibility for their actions.

Senior managers have a duty of responsibility under the regime, meaning that if their firm breaches a requirement, they could be held personally accountable if they did not take reasonable steps to prevent the breach. This session explores this duty and steps that can be taken to prevent regulatory action.

This session explains the expectations on senior managers and how to manage your responsibilities in accordance with these requirements.

What You Will Learn

This live and interactive broadcast will cover the following:

• The Senior Manager’s Regime
• Senior management functions, prescribed responsibilities and the duty of responsibility
• Completing statements of responsibilities
• Obtaining FCA approval
• Additional requirements for senior managers at enhanced firms
• Senior Manager’s Responsibilities
• Senior manager conduct rules - what they really mean
• Ethical behaviour
• Regulatory concerns - what to do
• Other statutory or legal obligations
• How to evidence compliance
• Avoiding FCA action under FSMA
• The defence against action - reasonable steps
• Evidencing reasonable steps
• Delegation of responsibilities
• Reporting lines

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.