To clarify the new SMCR has introduced two new requirements:
1. For senior managers, there is a mandatory requirement to perform criminal background checks; and
2. Under the certification regime, there is a requirement to re-certify individuals at least once a year. Whilst this in itself does not create a mandatory requirement to perform background checks, this does increase the profile of the ongoing fitness and proprietary review process and – hence – the option of performing the background checks.
To help our clients navigate these new background check requirements we have partnered with Vero Screening to produce SMCR Checks
SMCR Checks is powered by Vero Screening, experts in global background checks and UK regulatory compliance screening. Specifically designed for Enhanced, Core and Limited Scope firms. SMCR Checks gives you access to our secure employee screening platform VEROLIVE where you can initiate all the checks you need in just a few clicks.
We've put together a set of best practice screening packages. These will help you meet the criteria identified by the Financial Conduct Authority as relevant to the assessment of whether an individual is 'fit and proper to perform a role'. Our packages can be used for existing employees or new employees. You can register your interest in SMCR Checks by filling out the online form on Vero’s website which you can access using the link below.