SM&CR management module A unified solution to manage SM&CR requirements This module simplifies managing key areas relating to senior managers, certification, fit and proper, and conduct rules. Its automation features save time, reduce the risk of overlooking something, and provide clear audit trails for extra peace of mind. With firm level overviews, you also gain a comprehensive ‘helicopter view’ of key roles and areas. Mike Kennedy, Business Risk Consultant Senior Managers Regime obligations Allocation of prescribed and other responsibilities across SMFs, and the creation and maintaining of Statement of Responsibilities (SoRs). Fit and proper assessments trust streamlines and documents annual fit and proper processes by prompting individuals to complete declarations online. Managers are notified of submissions, enabling them to carry out timely fit and proper assessments. Certification regime obligations trust supports certification creation, ongoing updates, and speeds up recertification by pre-populating a certificate from staff member’s existing data. Conduct rules management trust confirms which individuals are subject to which conduct rules tiers (tier 1 or both tiers) and maintains an organised record of any conduct rule breaches. | 21 The Senior Managers and Certification Regime (SM&CR) is a key part of the FCA's drive to improve culture, governance, and accountability in financial services. We understand the complexities of SM&CR compliance and the responsibilities of FCA approved individuals. trust integrates multiple requirements for approved individuals into a single solution. With trust's SM&CR management module, core, enhanced, and limited scope firms can maintain records of senior managers and their assigned responsibilities, ensuring clear oversight and proper resourcing. Streamlined process for fit and proper checks, and logging conduct rule breaches further strengthen your risk management framework, freeing senior managers to focus more time on running their business.
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