The activities in this pathway provide a clear overview of the Senior Managers Regime and cover the key areas such as; Senior Management Functions, Prescribed and Overall Responsibilities. You will also look at how roles are allocated and documented in the Responsibilities Map and individual Statements of Responsibility (SORs). Furthermore, you will see how the regime is dual-regulated between the FCA and PRA, and which Senior Management roles require regulation by one or both of the regulators.
This course is suitable for all audiences.
When you've completed all of the activities in this pathway, you should be able to:
- describe the key components of the Senior Managers Regime
- explain who SMR applies to
- list the three key aspects of the SMR: Senior Management Functions, Prescribed Responsibilities and Overall Responsibilities
- describe a Responsibilities Map and a Statement of Responsibility.
