SMCR All-in-One® Toolkit

SMCR All-In-One Toolkit by LGCA

SMCR All-In-One®

London Governance and Compliance Academy (LGCA) is offering an A to Z SMCR Compliance solution for you and your team.

The FCA’s Senior Managers and Certification Regime (SMCR) represents a paradigm shift in regulatory compliance for the financial services sector in the UK market. To ensure compliance with SMCR, requires checks across every senior manager and certified person within your firm and signifigant management time & resources.

SMCR All-In-One® is a suite of compliance tools that help you to manage, monitor, and apply your SMCR processes across all business lines of operations. We will help you understand better, reduce risk and save time while improving the culture of your team by encouraging individual accountability.

The Senior Managers and Certification Regime (SM&CR) came into effect for solo-regulated firms on the 9th December 2019, however, due to the ongoing COVID-19 pandemic the FCA extended the implementation period to 31 March 2021.

We offer customised training based on your internal procedures, operational model, terms and conditions.

We offer you a branded portal to keep all your training records with various reports that you can confidently submit to regulators and auditors.

What we offer:

  • eLearning Courses
  • Annual Certification
  • Branded portal, reports, notifications and automations
  • Automated record-keeping
  • In-house bespoke trianing for your team, managers & directors
  • Responsibilites mapping
  • Fit and proper

Popular SMCR eLearning Courses

The LGCA has created eLearning & Live Online Courses, each one targeted at a particular subset of staff.

  • SMCR Overview
  • Conduct Rules for Senior Managers
  • Conduct Rules for Certification Staff
  • Conduct Rules for Conduct Staff
  • Regulatory Assessor Training

Each module illustrates how the rules are applied in practice. All of our training sessions can be tailored to the specific needs of your firm. Contact us to request a quote to conduct SM&CR training for your remote working employees at info@lgca.uk. Special prices apply for teams.

SMCR Overview
SMCR Conduct Rules
SMCR Regulatory Assessor Training (Senior Managers)
SMCR Regulatory Assessor Training (Supervisors & Overseers)

How we can help?

SMCR Courses – Get SMCR ready by 31st MArch 2021.

If you are looking for SMCR compliance, LGCA is here to help you get ready for the upcoming deadline of 31st March 2021.

More than 60K regulated firms by the FCA are in need of SMCR compliance.

We have partnered with industry experts and launched online SMCR courses (eLearning & bespoke live online) to help you and your employess be up-to-speed.

Next steps?

Step 1 – Determine which tier your firm falls in.

Step 2 – We can help outline a list of action points that you need to complete in order to be SMCR compliant

Step 3 – We provide training to staff

Step 4 – We can assist with drafting your SORs and other compliance documentation

Step 5 – Book a Free SMCR Consultation with us

What is SMCR?

SMCR is a new regime introduced by the Financial Conduct Authority, the watchdog and regulator for financial services in the UK.

The SMCR stands for Senior Managers Certification Regime and is based around the idea of accountability for senior managers who deal with large investments or sums of money.

This new regime was a result of the financial credit crisis of 2008 where individuals and investors lost millions through different investments, it was hard to find culpability to individuals and many were able to hide under large firms without punishment.

The SMCR aims to overcome this. Senior managers are now responsible for the dealing of large investments and will be held liable for any large losses.

With the deadline for SMCR on the 31st March 2021, all employees working for regulated firms in the UK will need to be up-to-date with any SMCR practices to continue trading thereafter.

Which companies need to be SMCR compliant?

SMCR addresses a market of around 500,000 employees working for 60,000+ FCA regulated firms in the UK:

  • Banks
  • Investment managers
  • Financial advisers
  • Consumer credit firms
  • Electronic money and payment institutions
  • Pension providers
  • Credit unions
  • Claims management companies
  • General insurers and insurance intermediaries
  • Building societies
  • Life insurers

For any clarification and/or additional information, contact LGCA Support Team at info@lgca.uk.