An overseas SMCR firm must, at all times, have a comprehensive and up-to-date document (the management responsibilities map) that describes the management and governance arrangements for any branch it maintains in the United Kingdom.
A management responsibilities map must include:
all responsibilities described in any current statement of responsibilities;
details of the management and governance arrangements relating to:
including the identity of the persons to whom those functions are allocated;
the reasons why (if it has done any of these things) the firm:
details about the functions allocated under, SYSC 26 (Senior managers and certification regime: Overall and local responsibility), including:
what the activities, business areas and management functions allocated under that chapter are;
the management and governance arrangements relating to them;
the identity of the persons to whom those functions are allocated;
details of how the firm’s management and governance arrangements fit together with:
details of the reporting lines and the lines of responsibility (if any) between the firm and those who carry out functions in relation to it and:
details of how (1) to (10) fit together and fit into the firm’s management and governance arrangements as a whole.