The implications of moving SIMR to SM&CR

In this IIL Lloyd's Market lecture Charles Cattell addressed the regulatory impact on professional and managerial staff as firms prepare for the implementation of the full Senior Managers and Certification Regime (SM&CR).

As the profession moves towards the full implementation of SM&CR for all firms, now is the time to start considering the likely implications and to begin preparations for addressing this renewed focus on individual accountability. This session looked at the standards demanded of all staff by the Code of Conduct both in terms of personal behaviour and the approach to managing others, including what it will be mean to confirm fit and proper status annually. The session also explored how individual accountability both shapes and reflects the culture of the firm and the approaches taken towards mitigating conduct risk.

By the end of this lecture members will have gained an insight into:

• Key changes which will result from the implementation of the full SM&CR
• The nature of regulatory oversight over individual professionals and managers
• How personal behaviour impacts on the organisational culture of firms and the mitigation of conduct risk

Speakers Bio:
Charles is a competence and compliance consultant and trainer. He advises and develops financial services clients about the human aspects of regulation with a particular focus on governance, managing conduct risk and securing an ethical culture.

Chair:
Simon Graham, Director of Learning & Development, CII.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
• Attendance confirmations are non-transferable to any other person or lecture
• All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

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Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.