SMCR Conduct Rules for Senior Managers

Description

The Senior Managers and Certification Regime (SMCR) was extended on 9 December 2019 to FCA solo-regulated firms. As a result, financial services employees at most levels are subject to a set of conduct rules (the Conduct Rules). This module provides annual Conduct Rules training to Senior Managers at FCA solo regulated firms.  

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The Conduct Rules are intended to improve standards of individual behaviour in financial services from the top-down and bottom-up. By applying the Conduct Rulrd to a broad range of staff the FCA aims to improve individual accountability and awareness of conduct issues across firms. 

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The Conduct Rules apply to the majority of employees working in firms, because a broad range of staff have the potential to cause harm. 

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The  Conduct  Rules apply to a firm’s regulated and unregulated

 financial services activities. 

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Learning Objectives

This module will provide Learners with training in the Conduct Rules applicable to Senior Managers in FCA solo regulated firms. Learners will cover the following:

Part 1

a) SM&CR Introduction

b) Conduct Rules

Knowledge Check

Part 2

Individual Conduct Rules

Knowledge Check

Part 3

Senior Manager Conduct Rules

Knowledge Check

Part 4

a) Assessing Compliance

b) Enforcement

c) Reporting Obligations

Assessment

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Timing

The duration of this 5 part module is approximately 50 minutes. Each section is followed by a knowledge check and we have allocated 4 minutes to complete these. We have allocated up to 40 minutes for the assessment that follows the completed module.