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SMCR & Conduct Rules
Comprehensive training on the Senior Managers and Certification Regime (SM&CR) and the Conduct Rules. Covers the three tiers of SM&CR, the Individual and Senior Manager Conduct Rules, regulatory references, whistleblowing, and annual fitness and propriety assessments. Essential for all staff in FCA-regulated firms.
3 modules, 9 lessons~35 minutes80% pass mark36 flipcards, 9 scenarios
CPD AlignedCertificate of Completion
This course content has been AI-generated from FCA regulatory guidance including the SM&CR Policy Statements, FCA Handbook (COCON), and related supervisory statements. Your organisation's compliance team must verify the accuracy and completeness of this material before using it as part of your official training programme.
What you will learn
- Understand the SM&CR framework and its three tiers
- Explain the duty of responsibility for Senior Managers
- Apply all five Individual Conduct Rules to your daily role
- Recognise the Senior Manager Conduct Rules (SC1-SC4) and their implications
- Understand the consequences of breaching the Conduct Rules including enforcement action
Who is this for?
All staff in FCA-regulated firms
Course details
Duration~35 min
Modules3
Lessons9
Pass mark80%
CertificateYes
CPD Hours0.6
Jurisdiction
UK (Financial Services and Markets Act 2000, FCA Senior Managers Regime, PRA Rulebook).
Course Modules
1
Understanding SM&CR
~12 minWhat the Senior Managers and Certification Regime is, how it works across three tiers, and why Parliament introduced it to strengthen individual accountability in financial services.
What Is SM&CR and Why It Exists
AudioVisualFlipcardsScenario
Senior Manager Responsibilities and the Duty of Responsibility
AudioVisualFlipcardsScenario
The Certification Regime and Fit and Proper Assessments
AudioVisualFlipcardsScenario
Assessment - 5 questions
2
The Conduct Rules
~12 minThe Individual Conduct Rules that apply to almost all staff, the Senior Manager Conduct Rules, and the consequences of breaching them including real enforcement examples.
The Individual Conduct Rules
AudioVisualFlipcardsScenario
The Senior Manager Conduct Rules
AudioVisualFlipcardsScenario
Breaching the Conduct Rules - Consequences and Case Studies
AudioVisualFlipcardsScenario
Assessment - 5 questions
3
Living Under SM&CR
~12 minPractical aspects of operating under SM&CR in your daily role: the regulatory reference and Directory, whistleblowing protections, and annual fitness and propriety assessments.
Your Regulatory Reference and the Directory
AudioVisualFlipcardsScenario
Whistleblowing and Speaking Up Under SM&CR
AudioVisualFlipcardsScenario
Annual Fitness and Propriety Assessments
AudioVisualFlipcardsScenario
Assessment - 5 questions
Total Questions
15
Pass Mark
80%
Audio
9/9
Certificate
Yes
v1.0.0 | Updated 2026-07-01 | Sources verified 2026-07-01
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