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Learning Management System

Senior Management Certification Regime Training

The Senior Managers and Certification Regime (SM&CR) is a UK financial services regulation designed to protect consumers and strengthen market integrity by making senior managers more personally accountable for how all employees conduct themselves at work.

Our comprehensive SMCR training is produced in collaboration with industry experts Zishi.

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Benefits of our SMCR training

Our Senior Managers and Certification Regime training is designed to meet the needs of all types of financial services firms and deliver the highest quality training to ensure ongoing compliance.

Key benefits of our SMCR training include:

Enhanced Leadership Skills: Learners develop essential leadership skills and a deeper understanding of strategic planning to drive organisational success.
Ensure Risk Management and Compliance: Learners gain a thorough understanding of regulatory requirements, compliance obligations and the best practices relevant to senior management roles.
Flexibility and Convenience: Access Learning allows your employees to study at their own pace and schedule from anywhere in the world. Our course materials and resources are available online, 24/7.

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Customised pathways

Access Learning supports you with each pillar of the regime:

Senior Manager’s Regime: for those in senior management functions.
Certification Regime: for people who may have an impact on the firm's integrity.
Conduct Rules: addressing the responsibility to provide role-related training to all those in scope.

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Written in collaboration with experts

Working in collaboration with industry-leading experts, our online SMCR training enables users to select from one of over 50 examples to ensure they receive learning tailored to their role, demonstrating how the conduct rules will apply to them as part of the FCA's requirement.

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Interactive learning modules

Our SMCR training encourages knowledge retention through interactive modules with scenario-based case studies. Using engaging eLearning formats helps to ensure compliance and is regularly updated to help learners maintain knowledge and protect the business.

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Accessible anywhere on multiple devices

With our mobile friendly learning content employees can learn in a way that suits them, fitting their learning around busy schedules. Regardless of location or working hours, they have quick and easy access to their SMCR training, which they can pause and resume as needed for efficient completion.

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What’s covered in our SMCR training content?

Our SMCR training covers all aspects of the Senior Managers and Certification Regime, from introducing the regulations to the focused elements included within to deliver the highest standard of training.

Topics covered in this course include:

The responsibilities map (RM)
Statement of responsibilities
Allocation of prescribed responsibilities
The main aims for a Regulatory Framework
The regimes within the framework... and much more…

Who is impacted by Senior Managers and Certification Regime?

Limited scope firms
Exempt from some baseline requirements and typically have fewer Senior Management Functions (SMF).
Core firms
Required to comply with baseline requirements, including allocation of SMF and producing Statements of Responsibilities.
Enhanced firms
Firms whose size, complexity and potential impact on consumers or markets warrant greater attention. Extra requirements include Responsibilities Maps, ‘Overall Responsibility’ and Handover procedures.

Expertly curated content

Our SMCR training is created and updated in collaboration with industry experts to ensure learners receive the highest quality training and achieve their learning outcomes efficiently.

Continuous innovation

Our training is consistently updated to comply with the latest regulations from the FCA and PRA to ensure your business remains compliant.

Industry leaders

We’re the preferred training provider for the financial services industry, delivering cost-effective, targeted compliance training.

Content you can trust.

What our customers say

The content that the Access Learning team create is video-led, human-centred, bitesize, engaging and covers all the technical requirements under the regulations in an informative way. So much so, that we use the eLearning courses internally.

From a subject matter expert point of view, we also act as a reference point for the content, as well as recommend and supply it to our clients.

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Philippa Grocott - Head of Regulatory Sales and Apprenticeships Zishi

We’ve gotten great feedback from the wider business in comparison to their processes before. We now use the platform as a talent portal to support our staff and empower them to take ownership of their own learning and development.

Read the case study

Matt Jones - Head of Talent Pepper Money

Part of our market-leading Financial Services training suite

Our comprehensive, accredited Financial Services training covers a broad range of subjects to help businesses achieve and remain compliant, ultimately creating a great place to work for everyone.

Empowering employees to understand and adhere to relevant laws, regulations, and industry standards, this training reduces the risk of legal repercussions and safeguards the reputation and financial stability of your organisation, while ensuring fairness and equality for all within the organisation.

A wide range of financial services compliance training courses included, addressing all aspects of financial services regulation in all sectors
CPD accredited and produced and written by industry-specific subject matter experts
Engaging and accessible content, including real-life scenarios and bitesize modules
End of course assessments to ensure knowledge retention and provide effective reporting to governing bodies
Robust reporting and powerful tracking to ensure compliance and peace of mind.

A holistic approach to financial services compliance, that includes not just SMCR training but a wide array of Governance, Risk and Compliance courses, is crucial for businesses in maintaining its reputation and building strong and successful teams.

See what training is included in our broader Compliance for Financial Services training suite.

View our Financial Services eLearning content

The Senior Managers and Certification Regimes (SM&CR) reduce harm to consumers and protect market integrity.

Read the Whitepaper

FAQs

Here's some commonly asked questions:

What is SM&CR?

The Senior Managers and Certification Regime (SM&CR) is a UK regulatory framework introduced to protect consumers and improve market integrity by making individuals, particularly senior managers, more accountable for their conduct.

Around 47,000 businesses currently fall under the scope of SM&CR.

The three key aspects of SM&CR are:

Senior Managers Regime: Focussing on senior management accountability, the Statement of Responsibilities outlines the specific responsibilities senior managers now have under the legislation.

Certification Regime: This element focuses on individuals in specific roles which could significantly impact the business who need to be certified as fit and proper.

Conduct Rules: These set out the expected behaviours of almost all employees.

Who can benefit from SMCR training

SMCR training can benefit primarily senior managers, certified staff and other staff requiring conduct rules training including those in specialised roles.

Overall, SMCR training can benefit all within the business as it helps the entire business uphold the standards required to comply with SMCR regulation.

What is an approved person under the senior management regime?

A person who has received direct approval from the Financial Conduct Authority (FCA) to carry out one or more tasks on behalf of an authorised firm is referred to as an "approved person."

The FCA approves individuals for specific roles known as Senior Management Functions (SMFs).

The “approved person” criteria include the Fit and Proper test whereby a candidate's honesty, integrity and reputation are assessed, while compliance with conduct rules is also assessed.

Is this SMCR training accredited or certified?

Yes, all the training included within our governance, risk and compliance suite is CPD accredited and created and updated to the highest standards.

Is the training content updated regularly to reflect industry trends and regulations?

Yes, our training is regularly kept up to date and our industry experts ensure that our training always meets industry standards and regulations to ensure your business continues to remain compliant.

Download our free brochure

Our 25 page guide offers an insight into the range and depth of our Financial Services training. Download now and see the benefits Access Learning can have for your organisation.

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Speak to an expert

Chat with one of our learning experts and find out how Financial Services training can meet the needs of individuals.

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Explore the features, functionality and benefits our Financial Services training has to offer and ask questions to our learning experts.