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
- 03
- SMF managers
- 00
- Without FCA approval
- 02
- Reviews overdue
- 04
- Certification employees
In the example
Flagged
At the as-at date
On the register
Certification employees, with the next certificate or fitness assessment due and whether conduct rules training is recorded.
- Callum AberdeenFunctions requiring qualificationsOn trackTraining On track
- Sunita VargheseFunctions requiring qualificationsDue soonTraining On track
- Ewan PritchardSignificant management functionOn trackTraining On track
- Tomasz WrobelFunctions requiring qualificationsOn trackTraining Not recorded
Handover log
No handovers in this example. Handover procedures are a requirement for enhanced scope firms only.
See the actual workbook · real Excel sheets, rendered from the example file
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.