SMCR for Investment Firms

SMCR for Investment Firms

Stephen Stokes

20 years: Compliance & asset management

In this video, Stephen briefs us on UK's Senior Managers and Certification Regime, or “SMCR”, He runs through the background and genesis of the new rules, as well as key aspects of the new regimes and the Conduct Rules which now impact most of those working at investment firms. He finishes by speaking briefly about regulatory enforcement actions that the FCA has taken.

In this video, Stephen briefs us on UK's Senior Managers and Certification Regime, or “SMCR”, He runs through the background and genesis of the new rules, as well as key aspects of the new regimes and the Conduct Rules which now impact most of those working at investment firms. He finishes by speaking briefly about regulatory enforcement actions that the FCA has taken.

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SMCR for Investment Firms

11 mins 48 secs

Overview

Senior Managers and the Certification Regime or SMCR aims to reduce harm to consumers and strengthen market integrity by creating a system that enables firms and regulators to hold individuals to account.

Key learning objectives:

  • Understand the background of the UK\'s Senior Managers and Certification Regime (SMCR).

  • What are the five core objectives of the SMCR?

  • How does SMCR apply to Senior Managers?

  • How does SMCR apply to Certified Staff?

  • How does SMCR apply to Conduct Staff?

  • What are the regulatory enforcement actions taken by the FCA?

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This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Summary
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This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Expert
Stephen Stokes

Stephen Stokes

Stephen began his career in various legal roles and gradually moved into compliance via legal research, and later a consulting role. Stephen has spent almost the last ten years advising firms on largely UK, EU and US regulatory compliance issues. He is now a Chief Compliance Officer at a London based hedge fund.

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