SMCR (Senior Managers & Certification Regime) Screening
Making individuals more accountable for their conduct and competence.
for higher professional standards.
SYSC 22 of the FCA Handbook complaint.
FCA recommends checks in overseas locations, to ensure individual’s fitness and propriety.
Establish honesty, integrity and reputation, competence and capability, financial soundness.
*The Financial Conduct Authority’s (FCA) enforcement powers include the right to impose a penalty on a company or individual and make a public statement.
*It also has the authority to investigate and take disciplinary action. Therefore, the FCA has the power to launch criminal proceedings.
SMCR Packages & Pricing
SMCR Annual Check
VAT not included
Financial integrity check (Credit Check FCA register check - × ID Check
- × SMCR Regulated employment reference - 6 years
- × Professional Qualification Check
Basic DBS
SMCR non-SMF NED
VAT not included
Financial integrity check (Credit Check FCA register check ID Check SMCR Regulated employment reference - 6 years Professional Qualification Check Basic DBS
SMCR Certification Function
VAT not included
Financial integrity check (Credit Check FCA register check ID Check SMCR Regulated employment reference - 6 years Professional Qualification Check Basic DBS
SMCR Regulated Senior Management Function (SMF)
VAT not included
Financial integrity check (Credit Check FCA register check ID Check SMCR Regulated employment reference - 6 years Professional Qualification Check Standard DBS
SMCR Advanced Packages & Pricing
SMCR Annual Check
VAT not included
Financial integrity check (Credit Check) Directorship Search Compliance Database Adverse Media Check AML Search PEPs & Sanctions FCA register check - ×ID Check
- ×SMCR Regulated employment reference - 6 years
- ×Gap Analysis
- ×Highest education Check
Basic DBS
SMCR Regulated Senior Management Function (SMF)
VAT not included
Financial integrity check (Credit Check) Directorship Search Compliance Database Adverse Media Check AML Search PEPs & Sanctions FCA register check ID Check SMCR Regulated employment reference - 6 years Gap Analysis Highest education Check Standard DBS
SMCR non-SMF NED
VAT not included
Financial integrity check (Credit Check) Directorship Search Compliance Database Adverse Media Check AML Search PEPs & Sanctions FCA register check ID Check SMCR Regulated employment reference - 6 years Gap Analysis Highest education Check Basic DBS
SMCR Certification Function
VAT not included
Financial integrity check (Credit Check) Directorship Search Compliance Database Adverse Media Check AML Search PEPs & Sanctions FCA register check ID Check SMCR Regulated employment reference - 6 years Gap Analysis Highest education Check Basic DBS
These packages are for employers with a need to screen their candidates in line with FCA requirements and are available for job roles that fall under SMR and SMCR.
These packages are for candidates based in the UK only, If international checks are required, please do not purchase this package. Get in touch to discuss your international check requirements.
The average turnaround time for SMCR check is 7-10 days*
*For SMCR roles, candidates may require regulatory references where they have held such a position previously, which have a regulator determined SLA of six weeks for the referee to respond.
SMCR FAQs
- What is SMCR?
How people working in financial services are regulated has changed. The Senior Managers and Certification Regime (SM&CR) which replaced the FCA's Approved Persons Regime.
The aim of SM&CR is to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct and competence. It is an opportunity to establish healthy cultures and effective governance in firms by encouraging greater individual accountability and setting a new standard of personal conduct.
- Why SMCR?
Lessons were learnt from 2008 banking crisis and significant conduct failings were seen such as the manipulation of LIBOR, so the UK Parliament set up the PCBS (Parliamentary Commission for Banking Standards) to recommend how to improve banking/financial sector standards. PCBS recommended a new accountability framework focused on senior management which later became SMC&R.
- Why is employment screening important under SMCR? Employment screening is one of the ways in which you can help protect your organisation and mitigate conduct risk. Screening under SMCR is something we are familiar with at Complygate, as we have been working with financial institutions that are already governed under SMCR.
- Which are 3 key parts to the Senior Managers and Certification Regime (SMCR)?
- The Senior Managers Regime
- The Certification Regime
- Conduct Rules
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