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Senior managers and certification regime: what you need to know

Gowling WLG


In July 2018 the UK Financial Conduct Authority (FCA) published its near-final rules on extending the senior managers and certification regime (SMCR) to all firms regulated by the FCA. With SMCR now on the horizon, both employers and employees within regulated firms will need to understand how it will affect them.

Hosted by our financial services and employment experts, this webinar will give you access to specialist industry speakers.


Topics that will be discussed include:

  • clarifying how the SMCR applies to different tiers of firms;
  • the new categories of senior management functions;
  • the new requirements relating to statement of responsibilities, the responsibilities map, the certification regime, the conduct rules and the prescribed responsibilities;
  • the new training requirements; and
  • the transitional provisions.

People issues

We will discuss employment-related issues in the context of the SMCR and aligning human resource processes with the SMCR. This includes reviewing and updating employment contracts and employee handbooks and incorporating fitness and propriety assessments into annual employee reviews.

Who should attend?

Compliance officers, in-house lawyers and human resources professionals at FCA-regulated firms. This webinar will also be of interest to approved persons (including non-executive directors), secondees and contractors at FCA-regulated firms.

What will attendees take away?

An overview of the practical steps that your organisation must take and by when to establish and maintain compliance with these demanding new regimes.


Jonathan Chamberlain

Jonathan Chamberlain has been advising in the boardrooms and on the trading floors of the City for over 20 years. He has extensive experience of the crossover of the SMCR and HR issues, with clients including a challenger bank, brokers and investment houses. His work includes helping to gain and retain the trust of regulators in relation to senior managers, processes and policies. He has helped resolve disputes relating to references, performance management, disciplinary matters and remuneration. A top-rated speaker and presenter, he helps clients train their people to change culture and drive behaviours and approaches.

Ian Mason

Ian Mason has more than 20 years' experience as a financial services regulatory lawyer providing advice on a broad range of matters, including FCA/Prudential Regulation Authority authorisation, supervision and enforcement. He is a former head of department in the enforcement division of the financial services regulator, as well as having worked in-house and advising firms and individuals in private practice. He advises on a broad range of financial services regulatory issues, both non-contentious and contentious. He has significant experience in regulatory investigations, both in enforcement and on the defence side, representing firms and individuals such as CEOs, heads of compliance, money laundering reporting officers and heads of trading.

His clients have included banks, asset and fund managers, inter-dealer brokers, listed companies, senior bankers, traders and board members. He has also provided ‘skilled person’ reports to the regulator.

His practice includes advising firms and executives on senior management responsibility.



Jonathan Chamberlain
Ian Mason


6 November 2018
15:00 - 15:55 UTC
55 min