Case Study: Financial Conduct Authority strengthens SMCR governance with Solidatus

Solidatus for Senior Managers and Certification Regime

The Financial Conduct Authority (FCA) needed a better way to manage Senior Managers and Certification Regime (SMCR) obligations across more than 47,000 financial services firms, where manual spreadsheets, PowerPoints, PDFs, and other disconnected tools made compliance difficult, error-prone, and hard to audit. The FCA’s challenge was to improve accountability, maintain an accurate Management Responsibilities Map, and move away from a “tick box” approach to governance.

Solidatus provided a digital SMCR solution that consolidated roles, responsibilities, processes, and policies into maintainable models with version control, auditability, and read-only sharing for staff, senior management, and regulators. By linking siloed data sources and replacing outdated Office-based reporting processes, Solidatus helped the FCA improve oversight, identify gaps and duplication, and keep governance information continuously up to date.

Financial Conduct Authority