Under the Senior Managers and Certification Regime (SM&CR), all FCA-regulated firms are required to conduct Annual Fit and Proper Declarations and Certification Staff Assessments. These checks are essential for confirming that relevant individuals remain competent, capable, and suitable to perform their roles.
At My Compliance Consultant, we provide expert support to help your firm meet these regulatory obligations on time and with confidence.
What Are Fit and Proper Declarations?
Before gaining FCA approval, firms must assess the fitness and propriety of senior managers and certification staff. Once approved, these individuals must undergo an annual reassessment to ensure continued compliance with FCA requirements.
The Fit and Proper assessment considers:
- Honesty, integrity and reputation
- Competence and capability
- Financial soundness
What Is the Certification Staff Assessment?
The Certification Regime, part of the SM&CR introduced in December 2019, requires firms to assess staff who are not senior managers but whose roles could pose a risk of significant harm to the firm or its customers.
Firms must:
- Conduct annual certification assessments
- Maintain accurate staff certification records
- Ensure staff meet the FCA’s conduct rules
How We Can Help
Our experienced FCA compliance consultants support firms by:
- Managing assessment deadlines and submission schedules
- Providing templates and documentation for Fit and Proper Declarations
- Assisting in conducting robust assessments for certification staff
- Ensuring your processes align with FCA guidance and SM&CR expectations
Work with a Trusted Compliance Consultant in the UK
Falling behind on Fit and Proper assessments can lead to non-compliance and regulatory risk. Partnering with My Compliance Consultant ensures a structured, reliable, and fully compliant process tailored to your firm’s needs.
Contact us today to receive expert assistance with your firm’s Annual Fit and Proper Declarations and Certification Staff Assessments.