Senior manager rules - SM&CR

Question 1

SC1

Answer 1

You must take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively.

Question 2

SC2

Answer 2

You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system.

Question 3

SC3

Answer 3

take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee the discharge of the delegated responsibilities effectively.

Question 4

SC4

Answer 4

You must disclose appropriately any information of which the FCA or PRA would reasonably expect notice”