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Senior Managers & Certification Regime (SM&CR)

Practice: Finance & Risk · Type: Regulation · UK-specific

The Senior Managers and Certification Regime (SM&CR) is the FCA/PRA accountability regime for UK financial firms, covering senior-manager responsibilities, certification of staff and conduct rules. Celeredge checks SM&CR readiness against the client's evidence.

Benefits​

  • Scored on SM&CR's own scale — not a generic rubric.
  • Every score is traceable to the client's own evidence — policies, reports and data.
  • Gaps ranked by severity, ready to become the plan.
  • A board-ready slide deck and a detailed report, generated automatically.
  • Re-runnable as responsibilities and certifications are updated.

When to use it​

  • To check SM&CR readiness across responsibilities, certification and conduct rules.
  • When a UK financial firm must evidence senior-manager accountability to the FCA/PRA.
  • To validate Statements of Responsibilities and the responsibilities map.
  • To assess certification and conduct-rules processes before supervisory review.

What it assesses​

Celeredge checks SM&CR readiness across senior-manager responsibilities, certification and conduct, and ranks the gaps below regulatory expectations. It covers:

  • Senior-manager responsibilities
  • Certification of staff
  • Conduct rules

Expected output​

Celeredge produces per-dimension maturity scores on SM&CR's own scale. Each answer carries a confidence signal and citations back to the client's evidence, and gaps are ranked by severity. The run generates a board-ready slide deck and a detailed HTML report. See Maturity Scoring, Reports and Deck Studio.

How to use it in Celeredge​

  1. Collect the client's evidence — see Evidence Collection.
  2. In Diagnose, select Senior Managers & Certification Regime (SM&CR).
  3. Run the assessment and watch it stream — see Running Assessments.
  4. Review per-dimension answers with their confidence and citations, then accept the ones you trust.
  5. Send gaps to Plan — see Gap Analysis.

FAQ​

What is Senior Managers & Certification Regime?​

The Senior Managers and Certification Regime (SM&CR) is the FCA/PRA accountability regime for UK financial firms, covering senior-manager responsibilities, certification of staff and conduct rules.

What does a Celeredge SM&CR assessment deliver?​

An evidence-based readiness assessment scored on the regime's own scale, with gaps ranked by severity and an auto-generated, board-ready slide deck and detailed report — every score traceable to the evidence behind it.

How does the assessment work?​

Clients upload their own evidence — policies, reports and data. An AI interviewer asks targeted follow-ups to fill anything missing, the platform scores against the framework, ranks the gaps, and generates the deliverables.

Celeredge runs an independent readiness and alignment review against this framework. It is not a certification audit and is not endorsed by the standard's owner. Framework and standard names are trademarks of their respective owners.