Senior Managers and Certification Regime Toolkit

Our Toolkit helps firms implement the regulatory requirements of the Senior Managers and Certification Regime (SM&CR) and meet its objectives.

Alongside our range of SM&CR advisory services and solutions, Duff & Phelps has developed our comprehensive and cost-effective toolkit to enable your firm to:

• Manage your project planning for SM&CR implementation
• Undertake a mapping exercise from the current Approved Persons Regime to SM&CR 
• Prepare statements of responsibilities
• Implement new procedures for SM&CR, including new joiner and leaver procedures for senior managers and certified individuals
• Conduct fit and proper assessments 
• Implement the certification process 
• Provide guidance on relevant areas, such as the duty of responsibility for senior managers

Building and Embedding a Robust SM&CR Framework

Our toolkit covers all the requirements of SM&CR as well as practical guidance on how to apply SM&CR to your business.

1. Design and Planning
   
   • Implementation guide
   • Implementation project plan enables firms to track implementation tasks and progress made and provides an audit trail of work done.
   • SM&CR mapping tool
2. Implementation and transition
   
   • Comprehensive SM&CR handbook providing guidance on all key aspects of the regime
   • Templates for implementation, including:
     

     Responsibilities map

     Statements of responsibilities

     Initial fitness and propriety questionnaire and assessment

     Record of senior manager reasonable steps

3. Ongoing compliance and maintenance
   
   • SM&CR handbook
   • Templates for compliance and HR processes, including:
     

     Annual fitness and propriety questionnaire

     Annual fitness and propriety assessment

   • Checklist for joiners and leavers senior managers, non-SMF directors and certified staff