Web10 Dec 2024 · dividing and sharing responsibilities. SYSC 24.3.12 G 10/12/2024 (1) A firm may allocate more than one FCA-prescribed senior management responsibility to the same SMF manager. (2) This is subject to: (a) SYSC 24.3.6G (should not give too many responsibilities to one person); and (b) SYSC 24.3.10G (what responsibilities should be … WebA statement of responsibilities should be drafted to clearly show the responsibilities that the candidate or senior manager is to perform as part of theircontrolled function and how …

Strengthening accountability in banking: changes to SMR forms

Web9 Apr 2024 · A firm may allocate FCA-prescribed senior management responsibility (z) in the table in SYSC 24.2.6R (functions in relation to CASS) to an SMF manager who is only approved to perform the other overall responsibility function or the other local responsibility function. SYSC 24.2.4 R 10/12/2024 WebA statement of responsibilities should be drafted to clearly show the responsibilities that the candidate or senior manageris to perform as part of theirsenior management function … humana otc card not working

Financial Conduct Authority FCA

Webany part of the firm responsible for advising other parts of the firm. (2) applies to a firm whether or not the requirements in (2) (a) or the functions in (2) (b) apply to it. The chief … WebThe Conduct Rules apply to Senior Management Functions (SMFs) specified by us or the Financial Conduct Authority (FCA) for employees performing a certification function and directors of authorised persons, as defined in section 64 of FSMA, including Notified NEDs. WebWhere a responsibility or function is divided between an SMF manager and others, the statements of responsibilities for each SMF manager concerned should make it clear for what part of which responsibility or function that SMF manager has responsibility. A firm must prepare statements of responsibilities (including revised ones) for on… human aortic valve