Change of Date: Update on The Extension of the Senior Managers and Certification Regime

Update on The Extension of the Senior Managers and Certification Regime

Preparing for Its Extension to all FSMA Authorised Persons

A One-Day Summit, now 20th September 2017, London

We announced last week that we’re delighted to be sponsoring this SM&CR event organised by City & Financial. Originally this event was due to run in late June but it will now take place in September by which time the FCA will have published the Consultation Paper relating to the extension of the SM&CR.

Carl Redfern will once again be taking the stage to offer his expert opinion and advice on Management Responsibility Maps and Statements of Responsibilities. You’ll also be able to chat to us about our award-winning SM&CR solution and see first-hand how it can help you implement the SM&CR regime. The agenda is still being finalised but we’ll be sure to announce further details as they become available.

You can read more about the event and sign up on the City & Financial website.

Update on The Extension of the Senior Managers and Certification Regime

Update on The Extension of the Senior Managers and Certification Regime

Preparing for Its Extension to all FSMA Authorised Persons

A One-Day Summit, 22nd June 2017, London

We’re delighted to announce that we’ll be sponsoring this SM&CR event organised by City & Financial. Carl Redfern will once again be taking the stage to offer his expert opinion and advice on Management Responsibility Maps and Statements of Responsibilities. You’ll also be able to chat to us about our award-winning SM&CR solution and see first-hand how it can help you implement the SM&CR regime. The agenda is still being finalised but we’ll be sure to announce further details as they become available.

Here’s what City & Financial has to say about the event…

This event is being organised in response to demand from the market following our successful summit on this subject in January and is being held shortly after the publication of the FCA’s consultation paper on how it will implement the extension of the SMCR.

We are particularly pleased that Jonathan Davidson, Director of Retail Supervision and Authorisation at the Financial Conduct Authority, has kindly agreed to give the opening keynote address.

The government is proposing to extend the Senior Managers and Certification (SM&CR) regime to all sectors of the financial services industry, replacing the discredited Approved Persons Regime. The FCA has announced that the extension will take place in early 2018.

The key features of the extended SM&CR are:

  • an approval regime focused on senior management, with requirements on firms to submit robust documentation on the scope of these individuals’ responsibilities
  • a statutory requirement for senior managers to take reasonable steps to prevent regulatory breaches in their areas of responsibility
  • a requirement on firms to certify as fit and proper any individual who performs a function that could cause significant harm to the firm or its customers, both on recruitment and annually thereafter
  • a power for the regulators to apply enforceable Rules of Conduct to any individual who can impact their respective statutory objectives

The FCA has said that it will ensure that the extended regime appropriately reflects the diverse business models operating in the UK market and is proportionate to the size and complexity of firms.

You can read more about the event and sign up on the City & Financial website.

The Compliance Register Regulatory Summit – 21st June 2017

We’re pleased to announce that Redland are sponsoring the 2017 Regulatory Summit run by The Compliance Register. The event takes place on the 21st June 2017 in London and we’ll be in attendance performing a live demonstration of our SM&CR solution.

Here’s what The Compliance Register has to say about the event:

The objective of this Summit is to address the major issues facing regulated firms. 2017 will be pivotal year with Brexit negotiations getting under way and the snap general election on 8 June. We have once again assembled an excellent panel of speakers who are seasoned practitioners to deal with the hot topics and issues. The speakers will aim to provide clear insight into the issues and topics ranging from MiFID II, Senior Managers & Certification Regime, Corporate Governance, Recent Upper Tribunal cases and Financial Crime.

Read more about the summit, including instructions on how to register.

Senior Managers & Certification Regime – will you be ready and compliant?

Thursday 9th March – 20 Aldermanbury, London EC2V 7HY

Carl Redfern from Redland will be amongst other industry experts speaking at this half-day forum organised by the CII. This promises to be a highly informative and enjoyable session that will be of particular interest to L&D, Training or Risk Managers.

About the event

Register yourself now for the spring Learning & Development Forum – Senior Managers & Certification Regime – will you be ready and compliant?

  • Do you know what evidence you need for Certification?
  • Do you know how you will collect and collate this evidence?
  • Have you started work on the processes and procedures that you will need to comply with SMCR?

Expert speakers include Sarah Thwaites of Sarah Thwaites Associates, Carl Redfern of Redland Business Solutions and John Constable, Training Consultant.

If you are an L&D, Training or Risk Manager of any business size this highly informative and interactive forum will give you a better understanding of what you will need to do to meet the requirements of the SMCR.

As well as explaining the key changes resulting from the introduction of Certification, responsibilities mapping and governance practices, this interactive half-day session will look at the practical aspects and solutions to the new regime.

As experts in this field the speakers have all worked with banks to introduce SMCR and will use their experiences to provide you with some practical solutions, and insights into company structure, governance and how it all starts from the top down.

This Learning & Development Forum will give you greater clarity on this subject and give you the opportunity to ask others their thoughts and best practice views. It promises to be inclusive and highly informative and to leave you better equipped to ensure your practices will be effective and compliant with the new rules.

You can read more about this event here and register for the event here.

Extension of SMCR

Event Info Update – The Extension of the Senior Managers and Certification Regime

The Extension of the Senior Managers and Certification Regime
31st January 2017 – Royal Garden Hotel, London, UK

We mentioned late last year that Redland are delighted to be sponsoring this event organised by City & Financial. Well, January is flying by and the event is now less than two weeks away! We’ve had an unbelievably busy start to 2017 and there has been a noticeable increase in enquiries regarding SM&CR as firms start to think about how they are going to tackle the challenges ahead.

We’re delighted to announce that Carl Redfern, Redland’s Compliance Director, will be speaking in the morning programme on the subject of Management Responsibility Maps and Statements of Responsibility (SoR) and what you should (and shouldn’t) be including. Carl will also cover how he thinks ‘proportionality’ will be applied to the details of the content in these key deliverables. Redland has in-depth expertise in this area and you are sure to take away some real-world practical tips on how to create and maintain your Maps and SoRs.

View the full programme

Redland will be at this event in force and we’ll have a stand where we will be showcasing our award winning SMR solution, so if you’re attending, please drop by, say hello and ask for a short demo. If you’re not currently attending but would like to, you can register for the event on the City & Financial website, or alternatively, call us for a chat on 01527 871938 if you’re not sure if this event is for you.

About the event

The government is proposing to extend the Senior Managers and Certification (SM&CR) regime to all sectors of the financial services industry, replacing the discredited Approved Persons Regime. The FCA has announced that the extension will take place in 2018. Currently, 10,500 individuals fall within the SMR and a further 32,302 within the certification regime. The extension will potentially bring a further 92,300 individuals into the SMR and 66,000 into the certification regime for the first time.

This event addresses the needs of c-suite executives in those institutions that are due to fall within the ambit of the extended regime, including investment firms, insurance companies and consumer credit firms. The event will be of particular interest to heads of compliance, heads of operations, heads of legal, heads of internal audit and heads of training and education, as well as members of the advisory community, such as lawyers and accountants.

You can read more about this event here.

Extension of SMCR

The Extension of the Senior Managers and Certification Regime

The Extension of the Senior Managers and Certification Regime
31st January 2017 – London, UK

Redland are delighted to announce that we’ll be sponsoring this event organised by City & Financial. Redland’s own Carl Redfern will be taking part in a panel discussion on providing practical guidance for firms implementing the requirements of the SM regime and we’ll be exhibiting our award-winning SMR solution. We’ll announce further exciting details about this event in the new year.

About the event

The government is proposing to extend the Senior Managers and Certification (SM&CR) regime to all sectors of the financial services industry, replacing the discredited Approved Persons Regime. The FCA has announced that the extension will take place in 2018. Currently, 10,500 individuals fall within the SMR and a further 32,302 within the certification regime. The extension will potentially bring a further 92,300 individuals into the SMR and 66,000 into the certification regime for the first time.

This event addresses the needs of c-suite executives in those institutions that are due to fall within the ambit of the extended regime, including investment firms, insurance companies and consumer credit firms. The event will be of particular interest to heads of compliance, heads of operations, heads of legal, heads of internal audit and heads of training and education, as well as members of the advisory community, such as lawyers and accountants.

You can read more about this event here.

2nd Annual Culture and Conduct Forum for the Financial Services Industry

Redland’s John Harrison and Andy Atkinson will be in attendance at the City & Financial 2nd Annual Culture and Conduct Forum for the Financial Services Industry on the 12th July 2016 in London.

From the City & Financial website…

Culture and conduct remain at top of the agenda not only for financial institutions, but also for the regulators, as Andrew Bailey, CEO of the PRA and shortly to be CEO of the FCA, made clear at our City Week event earlier this month:

For the avoidance of doubt – and in view of recent history – I want to start with what I intend as an unambiguous statement, namely that the culture of firms and the people that make them up – and of course therefore the culture of industries insofar as it can be generalised – is of the utmost importance to financial regulators. Culture matters a great deal.  And this is true for both conduct and prudential regulators. Today I am speaking as the CEO of the PRA, but at the beginning of July I will become the CEO of the FCA.   One thing that this move does not require is a change of view on the importance of culture in firms.

Read more about this event

SMR 4 Months on Forum

 Events-180x180SMR 4 Months on Forum
6th July 2016 – Northcliffe House – London, UK

Redland are the headline sponsor at this morning event organised by the BBA. This forum takes a look at how embedded the Senior Managers & Certification Regime are four months on from coming into effect on the 7th March 2016. The BBA’s SMR forum will bring together senior industry figures to share their thoughts on the progress of the regime.

 

Headline sponsor for the event, Redland’s Carl Redfern will be leading a discussion on Applying technology to manage the challenges of the SM&CR.

You can read more about this event here.

CIOBS Webcast – Certification – are you fit and proper?

Chartered Banker Institute - Certification are you fit and proper?CIOBS Webcast – Certification – are you fit and proper?
28th June 2016 at 1pm

Redland are proud to be taking part in this live webcast with the Chartered Banker Institute.

Strengthening accountability in banking: a new regulatory framework for individuals with the aim of restoring public trust in banking and improving the culture within banks themselves.

Director and co-founder of Redland, Carl Redfern, and Business Development Manager Andy Atkinson discuss certification and what it means for individual employees working in financial services. Simon Thompson introduces the Chartered Banker Institute’s Certificate of Professionalism.

You can read more about this webcast here.

Compliance and Conduct Risk in Financial Services Forum

Compliance and Conduct Risk in Financial Services Forum
21-22 June 2016 – Crown Plaza – London, UK

Redland are delighted to be sponsoring this two-day conference organised by the Ethical Corporation. It brings together leadership from Compliance, Conduct Risk and European Regulators in a series of interactive and dynamic sessions to deliver a holistic view on how compliance and conduct risk are each changing financial services.

Redland will have a stand where we’ll be showcasing Insight SMR, please stop by and talk to us about how we can help your business to meet the requirements of the new accountability regime.

Redland’s Carl Redfern will also be taking part in a panel discussion on Senior management regime: Embed personal accountability into the culture of your organisation, which is not to be missed.

You can read more about this event here.