The Senior Managers and Certification Regime (SMCR or SM&CR) came into effect in 2016 with a primary aim to reduce harm to consumers and strengthen market integrity by setting a new standard of personal conduct for everyone working in financial services. The regime applies to all FCA-regulated firms in the UK.
Corporater SMCR software solution is a digital tool that enables firms to achieve a holistic governance of their SMCR compliance. The solution supports all three components of the SMCR regime (Senior Managers Regime, Certifications Regime, and Conduct Rules), and comes pre-configured with a comprehensive set of tools that enables firms to centralise and automate SMCR processes, improve accountability, and demonstrate compliance with the SMCR regime to the FCA.
The solution is designed with an intuitive user interface making it easy for users to access the information they need, assign and complete tasks, identify compliance gaps, evidence competency, and generate certificates and reports. Built on Corporater Business Management platform, Corporater SMCR solution can be integrated with most pre-existing tools and applications, and it can be seamlessly extended to other regulations and broader areas of business management.