The U.K. Senior Managers and Certification Regime (SMCR) has applied to the banking sector since 2016. The SMCR will soon be extended to include all firms regulated solely by the U.K.’s Financial Conduct Authority. A recent ACA Compliance (Europe) Ltd. (ACA) program provided an overview of the SMCR and a detailed look at senior managers’ prescribed responsibilities, statements of responsibility, “fit and proper” determinations and staff certifications. The program featured ACA senior principal consultant Paul Henshaw, along with principal consultants Anthony Wells and Josie Cooper. This article highlights the key takeaways from the presentation. For additional insight on the SMCR, see our two-part series: “Responsibilities of Senior Managers” (Apr. 25, 2019); and “Certification Regime and Conduct Rules” (May 9, 2019).