Senior Managers & Certification Regime (SM&CR) - Individual Conduct Rules for Insurance Firms
Senior Managers & Certification Regime (SM&CR) - Individual Conduct Rules for Insurance Firms
From 10 December 2018, the revised Approved Persons Regime (APR) will be replaced by the Senior Managers & Certification Regime (SM&CR) for insurers.
This course will help you understand and comply with the new SM&CR Conduct Rules training and notification requirements.
We cover the roles, responsibilities and Conduct Rules for ALL STAFF in insurance organisations, with emphasis on ‘Tier 1’ Rules applicable to ALL staff.
For all insurers and reinsurers regulated by the FCA and the PRA – for all staff in order to meet the SM&CR staff training implementation requirements.
Overview of the SM&CR and the new Conduct Rules
Discussion of each individual Conduct Rule and how these apply to specific roles: covering - integrity, acting with due care, skill and diligence, cooperating with regulators, treating customers fairly, maintaining standards
The role of the regulators and consequence of breaching the Conduct Rules