Webinar: Transitioning SM&CR into Business as Usual: 7th July 2021

SM&CR has been part of the regulatory landscape for Banking & Insurance for 5 years now, and whilst its much less than that for FCA solo regulated firms, there is still uncertainty around how best to align the requirements within firms.

Now that FCA solo regulated firms have passed the deadlines for both Directory Submissions and the 1st ever round of internal Certifications, many firms after having taken a welcome breather are now completing the transition of SM&CR requirements into “Business as Usual.” Easy to say it, but much more difficult to do it. So, what exactly should the transition entail and what might this look like?

With SM&CR one size certainly does not fit all and many firms found that they were either extremely stretched by the March 21 deadlines, or in some cases were unable to meet them.
This resulted in last minute decisions for some, with short term solutions enacted that will not pass the test of time.

Now is the time for those responsible for SM&CR management within firms to consider how the initial round of Certification & Directory reporting went and thinking ahead around the on-going resourcing requirements of the regime.

Chairing this event is John Somerville, Head of Financial Services, Professional Education at LIBF and he is joined by Worksmart’s Julie Pardy, Director of Regulation and Market Engagement, and Nic Dent, Propositions & Customer Engagement Principal. This one-hour interactive webinar will consider, through discussion, live polling and debate whether firms need to consider further the following areas:

• Accountability for the regime at an organisation & departmental level
• Has SM&CR delivered improvements expected?
• Did your year 1 processes for Certification & Directory deliver what was expected?
• How are you assured around the effectiveness of your assessment processes?
• How are you managing the on-going requirements for Conduct Rules training?
• Are your processes sustainable?

To register for this webinar, visit: https://www.libf.ac.uk/news-and-insights/our-events?eventid=15513