Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

SYSC 23.1 Purpose

SYSC 23.1.1G

1The purpose of this chapter is to:

  1. (1)

    explain what the senior managers and certification regime is and where to find the main FCA Handbook provisions;

  2. (2)

    define which firms the regime applies to; 2

  3. (3)

    define the different kinds of SMCR firm; and2

  4. (4)

    require certain firms to carry out criminal record checks before appointing certain board directors. 2