SMCR Compliance - Senior Managers and Certification Regime Affects 60,000 FCA Regulated Firms in the UK - Use Our e-Learning Courses Provided >>
Senior Managers Register Assign Senior Management Functions (SMFs) Assign Prescribed Responsibilities (PRs) & other responsibilities as appropriate Maintain up-to-date Statements of Responsibility (SoR) & handover notes Generate Responsibilities Maps ...
While the senior management functions are more clearly defined, the lessons learned from implementation of SMCR to the banking industry demonstrated the challenges involved in the identification of staff who need to be certified, as compared to the relatively straightforward identification of senior manage...
The FCA has updated itswebpageannouncing that it is reviewing and updating its application forms, starting with the Form A (application to perform senior management functions). Some of the key changes to the Form A include a checklist of information required to complete the application, less dupl...
functions are appropriately staffed (both qualitatively and quantitively) and have sufficient systems and procedures in place to support these functions. There is also reference to effective risk management arrangements where business is remotely booked to the UK and ensuring that there are clear ...
Private Funds Management (PFM), which delivers the most crucial financial, operational and legal news functions globally to professionals within private equity firms, referred to survey results from Duff & Phelps recent European Alternative Investments Conference to highlight the importance of th...
square meters, has a technical research and development department, eight large modern processing workshops, and a quality inspection center, with more than 50 large and medium-sized equipment and scientific research design, manufacturing, testing, assembly and debugging and a ser...
senior management to provide such oversight. Good practices identified include (i) proportionate management level sign-off based on the PEP risk rating, (ii) evidence of escalation to relevant committees for higher risk PEPs and (iii) an approval process involving stakeholders in the first and ...