Senior managers and certification regime tool

Our SMCR web tool helps determine the scope and application of the extended SMCR regime relevant to you.

The Senior Managers and Certification Regime (SMCR) is the new framework for individual accountability in the finance sector, and it replaces the previous 'Approved Persons' regime.

Our SMCR web tool is free to use and helps determine the scope and application of the extended SMCR regime relevant to you. The tool comprises of a number of questions designed to elicit key information about your business in order to determine the applicability of the SMCR. All answers given are entirely confidential and will not be shared with anyone. The tool will help you determine the extent to which the SMCR applies to your business and accordingly what you need to do before 9 December 2019. Upon completing the tool, you will be informed whether or not your business is 'core', 'enhanced', 'limited' or 'a branch' for the purposes of the SMCR, which in turn will guide you as to the next steps your business will need to take.

If the SMCR does affect your business, you will need to ensure compliance by 9 December 2019. Taylor Wessing is on hand to advise all aspects your business on how to comply with SMCR. We offer fixed, competitively-priced packages that can be tailored to your needs, which can include staff training, amendments to relevant policies and procedures, template documents to use for certification, alongside comprehensive advice from one of our experts.

SMCR: a quick guide

Screenshot of SMCR: a guide video

Key contacts

 

For information about our SMCR tool, feel free to contact any of the individuals listed here.

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