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

Change category
02
SMF managers

In the example

00
Without FCA approval

Flagged

00
Reviews overdue

At the as-at date

02
Certification employees

On the register

smf-responsibilities-pack-limited-scope-workbook-worked-example.xlsxIllustrative data

Certification employees, with the next certificate or fitness assessment due and whether conduct rules training is recorded.

  • Dev KallisClient-dealing functionOn trackTraining On track
  • Marnie TruscottManagers of certification employeesOn trackTraining On track

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
Limited scope firms: One-page board summary of responsibilities (illustrative example)Board summary · opens full sizeLimited scope firms: SMF register with approval status and review dates (illustrative example)SMF register · opens full sizeLimited scope 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 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.