Axiom for SMCR
With the Senior Managers and Certification Regime (SMCR) coming into effect for all financial regulated firms 2019, this brings renewed focus on the regulation of key staff within all financial services firms.
Firms must allocate clear responsibilities to named individuals and has a far wider scope than the previous Approved Persons Regime. The SMCR rules allow enforcement action to be taken against individuals working in banks and financial institutions for serious failings.
Axiom for SMCR allows firms to document management responsibilities and track compliance using its powerful workflow and online attestation tools. Both the firm and individual have a detailed audit of activities to strengthen compliance under SMCR.
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