We can provide advice for firms who need support around Approved Persons and SM&CR.
We support senior staff through the Approved Persons process including the completion of the Long Form A and any supporting material, as well as assisting with questions which the FCA may ask.
We provide Approved Persons training tailored to the particular elements of an individual’s role as well as the wider business. We assist firms in allocating and delegating responsibilities to help support manageable spans of control while still providing the robust oversight which an Approved Person relies upon to meet their regulatory responsibilities.
We also assist firms in drawing up role specifications and take part in the interview and selection process where an independent and experienced view is needed.
We have been supporting firms since mid-2017 to prepare for the forthcoming Senior Managers and Certification Regime (SM&CR). This work has involved reviewing business and company structures (including outsourcing), roles and responsibilities to help organisations – particularly those likely to be captured by the enhanced regime – make adjustments now to ensure the governance framework will support SM&CR.
We are providing training and project plans to inform boards and senior management and to allow businesses to begin assessing and planning for the impacts in good time. For more information about the SM&CR click on the headings below.