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SM&CR – latest FCA podcasts
Compliance

The FCA has published two new bite-size SM&CR podcasts. These will be useful for firms currently preparing for SM&CR.

  • Certification and regulatory references: The purpose and scope, plus practical steps firms can take to prepare.
  • Conduct rules: The five Conduct Rules will apply to everyone doing financial services work. The podcast explains the training requirements around them and offers practical tips for training staff.

The latest guidance and information on SM&CR can be found here. We would recommend that firms check this link regularly between now and 9 December 2019.

In particular, firms should note the deadline of 24 November for submitting Form O (Opt Up Notification – for Core and Limited Scope firms only) and Form K (Conversion Notification – for Core and Enhanced firms only) if these are applicable.

Don’t forget to check Our View about this article and the Actions Required By You

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Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

These are a must-listen for any solo-regulated firms, as they set out key elements of the SM&CR. And the FCA’s SM&CR page is where you can find all the latest publications.

ATEB has created a suite of guides, tools and templates to assist firms to implement SM&CR.

Action Required By You

For information.

Contact your usual ATEB Consultant for further information and assistance with SM&CR or contact ATEB directly here.

About the Author

Alistair MacDougall

Alistair MacDougall

Technical Manager - Often referred to as the Oracle or the Sage, Alistair has a wealth of financial services experience. He is our go-to Technical Manager and enjoys nothing more than a complicated conundrum. Feel free to test his renowned knowledge by getting in touch.

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2019 FCA SM&CR
Compliance

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