FSMA requires all individuals within the Senior Manager Regime to take reasonable steps but what is reasonable and how do you go about proving that what you have done is reasonable?
Our complete set of reasonable steps templates provides the structure against which your senior managers can do just that. Our templates have been developed from real experience from implementing and operating SMCR. We have reflected in these templates, regulatory expectations, best practice and what is realistically practical and proportionate to document.
A benefit from having completed all these templates is that they provide a comprehensive handover to a new senior manager. Significantly shortening the effort required for any handover and enable handovers to take place even after an individual has left because the corporate memory remains. For the outgoing SMF it means they have a record that provides strong evidence about the boundaries of their personal liability.
Contained within your digital download are:
A reasonable steps template plus 11 annexes, some of which can be purchase separately
Italicised notes and examples to help guide you through
Industry standard sections, such as skills and responsibilities
Sections which indicate where you need to add individual or company-specific information
Best practice for a SMF
PRA and FCA requirements
Reasonable Steps Complete Set of Templates
This product is in Microsoft Word (*.docx)