The Senior Managers and Certification Regime (SMCR) - Sample step plan to implement the SMCR extension

June 25, 2018

There are a number of requirements within the SMCR with which solo regulated firms will need to comply by mid to late 2019. The sample checklists below are designed to assist in ensuring that nothing gets forgotten for your type of firm. At this stage, the priority for firms should be identifying whether the enhanced, core or limited scope applies and updating reporting lines in line with the new requirements.

Please note these checklists are designed to serve as an outline only based upon the current position on the SMCR as per the Consultation Papers issued the by the Financial Conduct Authority (FCA). They should not be relied upon as a substitute for legal counsel.

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