Step 02 / Explore the pack

See who holds what. See who owns each responsibility.

A visual view of the Core firms edition before you open Excel. Choose a tab to explore the illustrative worked example.

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Core firms

SMF responsibilities pack · illustrative example firm: Oakridge Wealth Partners Ltd

Change category
03
SMF managers

In the example

00
Without FCA approval

Flagged

02
Reviews overdue

At the as-at date

04
Certification employees

On the register

smf-responsibilities-pack-core-workbook-worked-example.xlsxIllustrative data

Status as at 30 Oct 2026 · category: Core

Statements of responsibilities or fitness assessments overdue: 2

  • SMF managers recorded

    3

  • Holding an approved SMF

    3

  • Without FCA approval

    0

  • Prescribed responsibilities allocated

    5

  • Responsibilities unallocated

    0

  • Responsibilities with two owners

    0

  • Certification employees

    4

  • Training not recorded

    1

  • Invalid entries

    0

The board summary never says the firm is compliant. It names what is missing, overdue or unfinished.

See the actual workbook · real Excel sheets, rendered from the example file
Core firms: One-page board summary of responsibilities (illustrative example)Board summary · opens full sizeCore firms: SMF register with approval status and review dates (illustrative example)SMF register · opens full sizeCore firms: Prescribed responsibility allocation matrix with one owner for each responsibility (illustrative example)Responsibilities · opens full sizeCore firms: Certification register with annual fitness and propriety dates (illustrative example)Certification · opens full size

Built from the same data and formulas as the worked-example workbook, for an invented firm. Every name and date is invented.

About the Core firms edition

Most solo-regulated FCA firms: the baseline SM&CR requirements without the enhanced extras. A core firm allocates the prescribed responsibilities that apply to it (SYSC 24), keeps statements of responsibilities and a certification regime, and trains staff on the conduct rules. It does not need a management responsibilities map, overall responsibility for every business area or the formal handover rules.

Six prescribed responsibilities can apply to a core firm; CASS and COLL apply only in some cases.

The FCA does not set a template for the workbook sheets, and statements of responsibilities sent to the FCA must use its own form. This pack is a practical structure built on SUP 10C and SYSC 23 to 27. See the SM&CR guide, the SM&CR tool and the implementation checklist. This pack is for solo-regulated firms: dual-regulated firms, payment and e-money institutions and firms registered only under the Money Laundering Regulations are out of scope.