The Adviser Issue 3 | Page 18

TECHNICAL TALK

HOW TO KEEP ON KEEPING ON WITH THE SM & CR

Mark Greenwood Director of Compliance Services SimplyBiz

The implementation of the Senior Managers & Certification Regime ( SM & CR ) and the accompanying Directory has been an area of great focus in recent times . However , as you know , the FCA is an expert at presenting us with gifts that keep on giving , and these significant regulatory changes were not a one-off exercise . Firms will need to be aware of , and take action to , comply with their ongoing obligations under these regimes . Of course , SimplyBiz has got your back when it comes to keeping on top of these ongoing requirements , and in July we launched a new guide to help you produce documentary evidence to support FIT assessments , complete certificate renewals and carry out Directory-person data accuracy checks . As you know , the requirements of the SM & CR will differ , depending upon the structure of your firm , and we hope you ’ ll find these flow charts a good starting point when it comes to understanding your own responsibilities :

18 | the adviser