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

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03
SMF managers: 00
Without FCA approval: 02
Reviews overdue: 04
Certification employees

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

Each SMF manager with their functions and review dates. All names are invented.

Amara Delacroix-HumeSMF1 Chief executiveComplete
Approved by FCAStatement On trackFitness On trackTraining On track
Joel WintergreenSMF3 Executive directorComplete
Approved by FCAStatement On trackFitness On trackTraining On track
Priya RanganathanSMF16 Compliance oversight + SMF17 Money laundering reportingComplete
Approved by FCAStatement OverdueFitness OverdueTraining On track

Prescribed responsibilities

(a)The firm's obligations under the senior managers regimeAmara Delacroix-HumeAllocated
(b)The firm's obligations under the certification regimeJoel WintergreenAllocated
(d)Financial crime policies and proceduresPriya RanganathanAllocated
(b-1)Conduct rules training and reportingPriya RanganathanAllocated
(z)Compliance with CASSJoel WintergreenAllocated

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 size

Core firms: SMF register with approval status and review dates (illustrative example)

SMF register · opens full size

Core firms: Prescribed responsibility allocation matrix with one owner for each responsibility (illustrative example)

Responsibilities · opens full size

Core 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.