SYSC 23.1 Purpose

1The purpose of this chapter is to:

1. (1)

   explain what the senior managers and certification regime is and where to find the main FCA Handbook provisions;

2. (2)

   define which firms the regime applies to; 2

3. (3)

   define the different kinds of SMCR firm; and2

4. (4)

   require certain firms to carry out criminal record checks before appointing certain board directors. 2