Definition
SMCR requires firms to allocate responsibilities, assess fitness and propriety, certify relevant staff, and apply conduct rules.
Why it matters
It turns individual accountability into a documented compliance workflow.
Glossary
SMCR is the UK financial services regime for senior manager accountability, certification, and conduct rules.
SMCR requires firms to allocate responsibilities, assess fitness and propriety, certify relevant staff, and apply conduct rules.
It turns individual accountability into a documented compliance workflow.