SM&CR Reasonable Steps Webinar

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Under the FCA’s Senior Managers and Certification Regime (the “SM&CR”), individual senior managers face enhanced personal duties, regulatory scrutiny and potentially personal liability if things go wrong. A key feature of SM&CR is the obligation on individual senior managers to take reasonable steps to ensure that the part of their firm’s business for which they are responsible complies with the regulatory regime. It is therefore absolutely critical that senior managers be able to demonstrate they have done so in the event of challenge by the regulator. But what does reasonable steps mean in practice and what can senior managers do now to ensure that they are taking, and can demonstrate that they have taken, reasonable steps? 

This webinar will explore the increasingly important concept of “reasonable steps” from a practical perspective with a view to giving senior managers, and the firms within which they work, a clear road-map.