Regulation Matters Brochure January 2019

6 | Regulation Matters - January 2019

Senior Managers and Certification Regime (SM&CR) Firms need to comply with key elements of the SM&CR regime by 9th December 2019. We are publishing a guide aimed at core and limited scope firms as our client research indicated that this reflected the regimes that directly authorised firms would be subject to. We will remain engaged with trade bodies, specialist forums and the FCA as further information and guidance for firms becomes available and we will consider whether or not further developments will be best communicated via an update to the guide or a standalone communication. It is important that you understand the requirements and are prepared for their implementation that will require some planning, which we recommend you start to do now. Our guide will be available to download shortly and should be used to support your understanding of the FCA papers and requirements. We have included a suggested template for certification purposes as there are requirements in the source documents which these will have to meet but you will have ‘design freedom’ to align to your own house style in terms of colour, logos, font etc. WHAT SHOULD FIRMS DO NOW? If you would like access to this guide, please contact 0800 085 0825 for further information on the additional services available to directly authorised firms. You should then set some time aside to plan what steps you need to take next and who in your firm is going to be best placed to lead on this. We would suggest this should sit at principal level as there will be some decisions that will need to be taken by the firm’s senior managers.

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DO YOU NEED FURTHER HELP OR SUPPORT? If you have concerns about being compliant, get in touch with TenetSelect, the directly authorised regulatory experts, by calling 0800 085 0825. We have a wide range of services to help your firm, and we would love to have a chat to tell you more. Regulation Matters is produced by TenetSelect as guidance only and is based on their interpretation, it is not and should not be relied upon as professional or legal advice. TenetSelect does not accept any liability for any losses arising directly or indirectly in connection with any of the information contained within Regulations Matters to the extent it can be excluded by law.

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