In this IIL workshop, aimed at those who are newly or recently appointed to Certification roles, you will learn about the nature of the responsibilities placed on you by the regulatory regime and it will equip you to meet your obligations under the Senior Managers and Certification Regime (SMCR).

Description

One of the principal aspects of the SMCR is the concept of Certification. This addresses the regulatory oversight of a range of specific functions that can have a significant impact on customers, the firm and/or market integrity. Certification Functions include retail investment advisers and mortgage advisers as well as those who have significant management responsibility for business units.

This workshop will cover the topics below

• SMCR and the focus on individual accountability
• The obligations of Certification on firms and individuals
• How fit and proper status is determined
• The annual fit and proper review and maintaining competence
• The scope and application of the Conduct Rules to Certified Staff
• Conduct Rules and their implications for managers and team leaders
• Implications of the Directory
• Changing roles and regulatory references
• How to ensure you meet your personal obligations

Gain an insight into

• Explaining the concept certification and the obligations it creates
• Recognising the process of assessing, confirming, and reviewing fit and proper status
• Explaining the aim of the conduct rules and how they impact those in certification roles
• Identifying practical steps you can take to ensure that you comply with the requirements
• Recognising the potential impact of non-compliance

Speaker

• Charles Cattell, Partner, The Cattellyst Consultancy