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Implementation of the Extension of The Senior Managers and Certification Regime 2018

21 Feb 2018
London venue to follow.
Summit, Compliance, Risk, Regulation
Audit, Tax & Accountancy, Banking, Clearing Houses, Outsourcing, Consumer Credit, Energy Market Participants, Gaming, General Insurance, Investor Relations, Legal, Life Assurance, Mortgage & Home Finance, Pensions, Wealth Management, Securities & Investment

Delegate Fee GBP 595.00 discounted to GBP 495 if booked by 10 January 2018.


The FCA recently published CP 17/40, CP 17/41 and CP 17/42 in connection with the extension of the Senior Managers and Certification Regime. Two of the CPs focus on transitional arrangements and the third on the Duty of Responsibility. With their publication, those financial institutions that will come within the  ambit of the SMRC for the first time now need to ensure that they are fully conversant with what is expected of them and that their implementation projects will enable them to meet their requirements in good time.

This summit will assist firms with this process. It will be highly interactive event and will incorporate the use of ‘Slido’ technology to facilitate audience participation in terms of posing questions and suggesting areas that speakers should address in their presentations. The objective is to make the event very practical so that delegates can get the answers to their specific questions.

This event will build on the success of the two summits that City & Financial have organised this year on the extension of the SMCR. Both of these were very well received by delegates, who rated the content and quality of the speakers very highly.

The FCA has provided a senior FCA speaker to give the keynote address at both of our previous summits and we have invited them to do so again for the February event.

The summit will address the needs of c-suite executives in those institutions that are due to fall within the ambit of the extended regime, including investment firms, financial advisors, trading firms, insurance companies and consumer credit firms. The summit will also be of particular interest to heads of compliance, heads of operations, heads of legal, heads of internal audit and heads of training and education, as well as members of the advisory community, such as lawyers and accountants.

The programme will tackle the key issues from a very practical perspective and will include the following issues: 

  • The FCA’s proposed transitional arrangements and implementation timetable
  • Practical implications of the proposed transitional and conversion arrangements set out in CP17/40 and 17/41
  • Identifying the population of senior management functions; allocating prescribed responsibilities and relevant business functions
  • Drawing up a management responsibilities map showing allocation of prescribed responsibilities
  • Duty of Responsibility and enforcement issues and CP 17/42
  • Reviewing corporate governance in the context of the requirements of the SMR 
  • Meeting the challenges of the Certification Regime
  • Whistle-blowing and the SM regime
  • Application of Conduct Rules to virtually all staff in most organisations
  • SMR responsibilities under MiFID II
  • Impact of the SMR on HR and training
  • Lessons learned from the introduction of the SMCR in the banking sector   
  • Panel discussion: Implementation checklist

Not Stated
City & Financial Global Ltd
Traditions House, Pyrford Road, Pyrford, Woking Surrey, GU22 8UE.

Tel: +44 (0) 1483 479331
Contact: Paul Hooper