Step 02 / Explore the pack
See who holds what. See who owns each responsibility.
A visual view of the Enhanced scope firms edition before you open Excel. Choose a tab to explore the illustrative worked example.
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Enhanced scope firms
SMF responsibilities pack · illustrative example firm: Calder & Voss Capital Ltd
- 09
- SMF managers
- 01
- Without FCA approval
- 00
- Reviews overdue
- 06
- Certification employees
In the example
Flagged
At the as-at date
On the register
Each SMF manager with their functions and review dates. All names are invented.
- Ravi Anand-OkaforSMF1 Chief executiveComplete
Approved by FCAStatement On trackFitness On trackTraining On track
- Helena StrandSMF2 Chief finance officerComplete
Approved by FCAStatement On trackFitness On trackTraining On track
- Marcus OduyaSMF4 Chief risk officerComplete
Approved by FCAStatement On trackFitness On trackTraining On track
- Tessa LindqvistSMF16 Compliance oversight + SMF17 Money laundering reportingComplete
Approved by FCAStatement On trackFitness On trackTraining On track
- Gareth MallorySMF24 Chief operationsComplete
Approved by FCAStatement On trackFitness On trackTraining On track
- Yusuf DemirSMF5 Head of internal auditComplete
Approved by FCAStatement On trackFitness On trackTraining On track
- Rosalind AchebeSMF9 Chair of the governing body + SMF11 Chair of the audit committeeComplete
Approved by FCAStatement On trackFitness On trackTraining On track
- Philippa NwosuSMF14 Senior independent director + SMF12 Chair of the remuneration committeeComplete
Approved by FCAStatement On trackFitness Due soonTraining On track
- Daniel KesslerSMF3 Executive directorComplete
Application pendingStatement On trackFitness On trackTraining Not recorded
Prescribed responsibilities
- (a)The firm's obligations under the senior managers regimeRavi Anand-OkaforAllocated
- (b)The firm's obligations under the certification regimeGareth MalloryAllocated
- (d)Financial crime policies and proceduresTessa LindqvistAllocated
- (b-1)Conduct rules training and reportingGareth MalloryAllocated
- (c)The management responsibilities mapGareth MalloryAllocated
- (j)Internal audit oversightRosalind AchebeAllocated
- (k)Compliance oversightPhilippa NwosuAllocated
- (l)Risk oversightRosalind AchebeAllocated
- (z)Compliance with CASSHelena StrandAllocated
- (t)Development and maintenance of the business modelRavi Anand-OkaforAllocated
- (s)Internal stress testsHelena StrandAllocated
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 Enhanced scope firms edition
Larger or more complex solo-regulated FCA firms that meet the enhanced scope tests in SYSC 23 Annex 1, or that the FCA has moved to enhanced scope. An enhanced scope firm has everything a core firm has, plus a management responsibilities map (SYSC 25), overall responsibility for each activity, business area and management function (SYSC 26) and handover procedures (SYSC 25.9). It has up to thirteen prescribed responsibilities and a longer list of SMFs.
Up to thirteen prescribed responsibilities can apply; five depend on the firm's circumstances.
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.