As an Enhanced Firm, your obligations are more onerous than those firms that are Limited Scope or Core. With 17 new Significant Management Functions (SMF) and 12 new prescribed responsibilities, initially you will see quite an upheaval to the established way your firm has being doing things.
A firm's first priority will be to identify which staff members will fall into the new senior managers regime and also the certification regime. You must then create a new statement of responsibilities document for your SMFs, as well as consider what needs to be done to ‘map’ Significant Influence Functions onto the new SMFs. In addition to this you must then consider your new annual training obligations. Scroll down for our solutions for Enhanced firms.
Select one of our offerings below to find out more about what we can do for your firm
We have designed a range of products, which have been tailored to your specific needs as an Enhanced Firm