Senior Managers and Certification Regime (SMCR) Workshop

Transcription

1 Senior Managers and Certification Regime (SMCR) Workshop What you need to do in the lead in to SMCR This course is presented in London on: 14 January 2019 If you have 4 or more participants, it may be cost effective to have this course presented in-house either on your premises or via live webinar. Trusted By: The Banking and Corporate Finance Training Specialist

2 What Makes This Course Different Need a kick start to your SMCR project? well this workshop will equip you with everything you need to know and everything you need to do Leveraging the trainers experience with the banking rollout we look to unpick the lessons to be learnt for the SMCR extension to all regulated firms Packed with practical exercises to focus on the identification of key employees and what you need to do in the lead in to SMCR Conduct Course rules; what Overview are they, what do they mean & why do they matter? Walk away with a clear plan of your next steps for your SMCR implementation Course Objectives Review and understand the backstory to SMCR and where it came from To know and understand the key employee categorisations within your firm, SMFs, CP, non-approved and ancillary Be able to evaluate your SMFs; who are they and what they need to know Analyse your CPs and define who will be in this category Apply the conduct rules to your firm and your organisation Review the breach process and how to apply within your firm Course Content Overview and journey to the SMCR regime Key misconduct issues; LIBOR, FX, PPI, Market Abuse The regulatory reaction The Fair & Effective Markets Review The road to Implementation Aims and Objectives of SMCR What is the SMCR, what does it mean and why does it matter Key Regime Features The enhanced regime The core regime The limited scope regime Overview of new staff categorisations Senior Managers Regime SMF categories Prescribed responsibilities State of responsibilities Management responsibility maps Certification Regime Significant harm functions Fitness and Competency checks Annual assessments Self-certification Conduct Rules Individual conduct rules, what are they and how do they apply Tier 2 Conduct rules for SMFs

3 Reasonable steps Breach Reporting The link between disciplinary issues and conduct rule breaches Breach reporting obligations to the FCA What we can learn from Phase 1 of the banking roll out What we can learn from banking experience to date Transitioning to the SMCR Taking Action Background of the Trainer During his banking career at UBS and Nomura, the trainer gained invaluable experience in a variety of front office and training functions, spanning across both financial markets and compliance. He brings a unique blend of market experience, technical knowledge and regulatory know-how to offer leading workshops designed to provide practical, flexible and commercial Compliance training solutions to clients. The trainer worked at UBS from 2002 to 2016 in a variety of roles within the Equity business, the Business University and Compliance. He began his UBS banking career in Stock Lending and Equity Finance IT as a business analyst before moving into Prime Services as a Hedge Fund Account Manager where he was responsible for the relationship management of a portfolio of multi-billion dollar clients trading an array of diverse strategies across global locations. He is now in the unique position to offer Compliance training designed to decipher the complexity and equip your employees with the knowledge they need to remain compliant and competent within their roles. Your course director is a specialist SMCR trainer having led the training streams across a number of major banks, training SMFs, in excess of 1500 Certified Persons and non-approved staff members, many of which across multiple country locations. In addition to implementing an ongoing training plan post go live for SMCR competency requirement. He is able to leverage this experience working with Tier 1 banks and apply to the subsequent roll out of SMCR to all FCA regulated firms. He is currently engaged and actively working with a number of regulated firms to aid the planning and execution of their SMCR training plans. Course Summary Originally rolled out to the banking sector in 2016, the Senior Managers and Certification Regime (SMCR) is about to be extended to around 47,000 additional firms. Beginning with insurance companies, from December 2018, and reaching asset managers and other regulated firms in 2019 (subject to a final Treasury decision).

4 The Financial Conduct Authority (FCA) is tightening up its rules, replacing the current Approved Persons Regime with the Senior Managers and Certification Regime (SMCR). The regime has already been operating in the banking sector for some time and will this year extend to all within the financial services sector. This change will affect all FCA regulated firms including non-uk firms with permission to carry out regulated activities in the UK, and it will focus on three key areas: 1. The Senior Managers Regime 2. The Certification Regime 3. Conduct Rules The implementation date has been set for the 9 th December 2019 Target group All staff within authorised firms will be in scope Senior Manager Functions (SMFs) Certified Persons (CPs) Non-approved Also strongly recommended for those who will be directly involved in the implementation; Compliance & HR. Format Duration is as a half day classroom workshop It can also be made available as an online webinar series 09:30-13:00 London Standard Price: VAT Membership Price: VAT

5 In-House Training Delivering this course in-house for 4 or more participants could be very cost effective. The venue and timing can be agreed to suit the client, as well as the selection of the trainer and the precise contents of the seminar. Tailored Learning All of our training courses can be tailored to suit your company s exact training needs. We will work closely with you to help develop a training programme with content that is unique for your organisation. Please us on enquiries@redcliffetraining.co.uk for more information E-Learning This course can also be presented as a bespoke e-learning programme created by you to fit your exact requirements.