Step 02 / Explore the pack
See who holds what. See who owns each responsibility.
A visual view of the Limited scope firms edition before you open Excel. Choose a tab to explore the illustrative worked example.
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Limited scope firms
SMF responsibilities pack · illustrative example firm: Harlow Fenn Finance Ltd
- 02
- SMF managers
- 00
- Without FCA approval
- 00
- Reviews overdue
- 02
- Certification employees
In the example
Flagged
At the as-at date
On the register
Status as at 30 Oct 2026 · category: Limited scope
SMF register and certification in order; prescribed responsibilities do not apply to limited scope firms
SMF managers recorded
2
Holding an approved SMF
2
Without FCA approval
0
Certification employees
2
Training not recorded
0
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
Built from the same data and formulas as the worked-example workbook, for an invented firm. Every name and date is invented.
About the Limited scope firms edition
Firms whose business is limited to certain types, such as some insurance distributors, limited-permission consumer credit firms and funeral plan providers. SYSC 24 (prescribed responsibilities) does not apply to a limited scope firm, and neither do the management responsibilities map, overall responsibility or the handover rules, so this edition covers the SMF register, statements of responsibilities, certification and conduct rules training. It follows the General column of the function table; some limited scope sub-categories have different lists.
Limited scope firms have no prescribed responsibilities to allocate and no management responsibilities map.
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.