How the Senior Managers and Certification Regime impacts businesses

After the commencement of the nre SM&CR regime in December 2019, all senior managers and certified persons within a firm must be identified and trained on the conduct rules. Firms have a period of twelve months post-identification to collate evidence and complete an assessment on each senior manager, certified person and non-executive director. These assessments are then set as an annual requirement for each applicable firms. SimplyBiz explores the process involved in these assessments, what firms they apply to and the differing requirements they must meet.