---
title: "SM&CR Stocktake"
ocid: "ocds-b5fd17-79e93aa0-b591-4d72-b1a8-97fa5e049162"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-79e93aa0-b591-4d72-b1a8-97fa5e049162"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-79e93aa0-b591-4d72-b1a8-97fa5e049162.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-79e93aa0-b591-4d72-b1a8-97fa5e049162.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL CONDUCT AUTHORITY"
published: "2019-04-08"
---

# SM&CR Stocktake

Buyer: THE FINANCIAL CONDUCT AUTHORITY  
Current stage: Award  
OCID: ocds-b5fd17-79e93aa0-b591-4d72-b1a8-97fa5e049162

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## Summary

The Financial Conduct Authority (FCA) has completed a tender process for the project titled "SM&CR Stocktake", which falls under the industry category of business and management consultancy services. This procurement was conducted in London, with a contract period running from 28 January 2019 to 31 March 2019. The procurement method used was selective, involving a call-off from a framework agreement, with the tender period having concluded on 8 January 2019. The contract, awarded on 18 January 2019, is valued at £90,000, and the successful bidder was Baringa Partners LLP.

This tender presents a significant opportunity for businesses specialising in consultancy and management services within the financial sector, particularly those with expertise in regulatory compliance and the banking industry. Firms that can demonstrate a strong understanding of the Senior Managers and Certification Regime (SM&CR) and its implementation may find themselves well-positioned to compete for similar future contracts or partnerships that emerge as financial institutions seek to enhance their practices and regulatory adherence in the evolving landscape.

## Notice

The Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR) for banks, building societies, credit unions and dual-regulated investment firms in March 2016. The SM&CR was created by legislation, based on the recommendations of the Parliamentary Commission on Banking Standards (PCBS). In 2017, we conducted a stocktake of the implementation of SM&CR in the banking sector. This was relatively light and relied on information available internally. The results were generally positive but it was recognised at the time that it was still relatively soon after implementation, with the last deadlines having only recently been passed. There has now been sufficient time for the regime to embed in firms and for any initial issues to have been overcome. We now want to undertake a further stocktake that will seek to provide more insight into how well the regime works in the banking sector. This will give the FCA the ability to consider corrective action if needed, give messages back to the industry and help guide the implementation of the SM&CR for other firms. The proposed work aims to assess the success of the SM&CR in the banking sector (including banks, building societies and dual-regulated investment firms). It will focus on the embedding of the regime in the industry.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/61e08369-7495-405c-b2f2-d3e1525253a0 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Apr 2019 |
| Submission deadline | 8 Jan 2019 |
| Future notice date | Not specified |
| Award date | 18 Jan 2019 |
| Contract period | 28 Jan 2019 - 31 Mar 2019 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £90,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL CONDUCT AUTHORITY |
| Locality | LONDON |
| Post town | East London |
| Postcode | E20 1JN |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Newham |
| Electoral ward | Stratford Olympic Park |
| Westminster constituency | Stratford and Bow |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARINGA PARTNERS |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79400000 - Business and management consultancy and related services

## Release History

- 8 Apr 2019 at 14:17 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/61e08369-7495-405c-b2f2-d3e1525253a0

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/61e08369-7495-405c-b2f2-d3e1525253a0
  8th April 2019 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-79e93aa0-b591-4d72-b1a8-97fa5e049162. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-79e93aa0-b591-4d72-b1a8-97fa5e049162.json.