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SMF Appointment & Statement-of-Responsibilities
12 min read15 checkpoints · 3 sections
Senior Manager Function appointments under SYSC 5 are legal declarations of governance accountability, not administrative filings. This checklist tests whether the board has actively certified that the right people hold the right responsibilities and that the regulatory file proves it.
Interactive checklist
This phase tests whether the fund has identified which roles are SMF-designated and started the registration process.
This phase tests whether the fund monitors SMF holders through role changes and ensures documentation stays current.
This phase tests whether SMF governance is active, not a filing but a practice.
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