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.
- 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
- 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
- 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
