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Key Issues in the SMCR

25 Sep 2019 08:15 - 17:35
Royal Garden Hotel
Royal Garden Hotel, 2-24 Kensington High Street, London, London W8
Conferences & Seminars, Compliance, Risk, Regulation
Banking, Clearing Houses, Outsourcing, Consumer Credit, Energy Market Participants, Gaming, General Insurance, Investor Relations, Life Assurance, Mortgage & Home Finance, Pensions, Securities & Investment, Wealth Management

Delegate fee £645.00


City & Financial is pleased to announce its “Senior Managers and Certification Regime: A Practical Update on Key Issues and Developments” Summit, which will be held at the Royal Garden Hotel in London on 25th September.

We are delighted that David Blunt, Head of Conduct Specialists, Financial Conduct Authority, has confirmed that he will give a keynote address at the conference.

The forthcoming summit, which builds on the success of the four previous summits that City & Financial has organised on the SMCR, focuses on the key issues that all regulated firms need to get to grips with, whether they are asset managers and insurers who are finalising their implementation projects prior to coming within the ambit of the SMCR, or banks that are already within scope. The summit will address the needs of senior executives in all FCA and PRA regulated firms.

Following detailed market research among both groups of regulated firms, the programme has been designed to cover the key issues that respondents identified as being of most concern to them. The topics that will be covered include:

  • The FCA’s analysis of the key challenges that SMCR presents to regulated firms
  • What are the expectations of the FCA in terms of implementation by asset managers and others due to come within ambit in December?
  • Analysis of the practical compliance challenges faced by banks and insurers already in the SMCR 
    Scenario-based review of what is and is not permissible under the Conduct Rules, including the treatment of non-financial misconduct
  • Balancing HR and compliance needs under the SMCR regime throughout the employee life cycle from recruitment to offboarding, including handovers
  • Responsibility and accountability for operational and cyber resilience
  • SMCR enforcement: lessons learned to date and implications for ‘reasonable steps’ under the Duty of Responsibility
  • Inter-relationship between SMCR and employment law in the context of misconduct and investigations
  • Responsibility and accountability for governance and culture
  • Certification I: Regulatory references: balancing the rights of the individual and the employer (and the issues identified in the Banking Standards Board Consultation)
  • Certification II: Best practice in relation to annual fitness and propriety tests and submissions to the New FCA Directory
  • Life cycle of an internal whistle blowing investigation and the FCA’s expectations in terms of a required policy
  • Third party liabilities under the SMCR: outsourcing, Regtech and cloud-based IT etc.
  • SMCR and cultural transformation – how useful is SMCR as a tool for changing culture?

As demand for attendance at the event is likely to be high, early booking is recommended.


8 Hours
City & Financial Global Ltd
Traditions House, Pyrford Road, Pyrford, Woking Surrey, GU22 8UE.

Tel: +44 (0) 1483 479331
Contact: Paul Hooper