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SMF
Individual Information
Senior Management Functions
Apply? Function Description UK Core Enhanced
Certification Functions
Apply? Function SYSC Reference
Statement of Responsibilities - Section 1 & 2

A Statement of Responsibilities must be submitted to the FCA for each Senior Manager (per SUP 10C, SYSC 4.5, SYSC 4.7).

Section 1: Personal Identification Details

Section 2: Firm Identification Details

Section 3.1: Senior Management Functions

Edit SM Function Description Effective Date
Select SMF functions in the Details tab first
Prescribed Responsibilities (Applicable to UK Core SM&CR firms)
Ref Prescribed Responsibility Applies? Shared? Shared With
Section 3.3: Overall Responsibility

Overall responsibility means the ultimate responsibility (under the governing body) for managing or supervising that function, and primary and direct responsibility for briefing and reporting to the governing body about that function.

Title Further Details Shared? Shared With
Section 3.4: Other Responsibilities

Please set out anything else, not otherwise included, for which this senior manager is responsible as part of their FCA/PRA controlled function(s) role. For example, responsibilities outside the normal course of business such as those linked to high profile projects or initiatives.

Title Description Apply? Shared?
Certificate of Competence

This certificate verifies that the individual named herein has been subjected to a detailed due diligence process, has satisfied the fitness and propriety assessment, and has been authorised to carry out the Certification Function specified.

This certification is valid for 12 months, beginning with the day it is issued.

Conduct Risk Training
Fit & Proper Assessment

FCA Fitness & Propriety Requirements

This questionnaire assesses fitness and propriety in accordance with FCA requirements (FIT 2.1, 2.2, 2.3). All questions must be answered honestly and completely. A "Yes" answer does not automatically disqualify an individual but will require further details and review.

FIT 2.1

Honesty, Integrity and Reputation

The FCA will assess whether an individual has been open and honest in all their dealings with any regulatory body.

Question Response Details (if Yes)
FIT 2.2

Competence and Capability

The FCA will assess whether an individual has the competence and capability to carry out their role.

Question Response Details (if Yes)
FIT 2.3

Financial Soundness

The FCA will assess whether an individual's financial position may affect their fitness and propriety.

Question Response Details (if Yes)

Approval Summary

Record the outcome of the Fit & Proper assessment

Due Diligence Documents

Track completion status of required due diligence documents for this individual.

Document Status Action

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SM&CR - Senior Manager (SMF)
Senior Management Function holder
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SM&CR - Certification Regime (CR)
Certified person requiring annual certification
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SM&CR - Non-Exec Director
Non-executive director
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APER - Approved Person
Approved Person under APER regime
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IDD Staff Member
Insurance Distribution Directive staff
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Other Staff Member
Other staff subject to conduct rules
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