Regime Records

Regime is a term and functionality that the SMCR tool uses to identify a jurisdiction or country specific regulatory legislation.

There are two types of regimes supported by the SMCR tool: Certification Regimes and Mapping Regimes.

For a Certification Regime, the Individual is always considered the Primary, with the Company/Other Entity being the Secondary. The following Certification Regimes are included with version 1.7:

• United Kingdom: Certification Regime (CR)

For Mapping Regimes, the Company/Other Entity is always considered the Primary, with the Individual being the Secondary. The following Mapping Regimes are included with version 1.7:

• United Kingdom: Senior Managers Regime (SMR)

Filing Records

For Mapping Regimes, there is also a need on the Primary Entity (Company or Branch) to have a Filing Record. When you create a new Regime record, a new Filing Record will be auto-created. The Filing Record is a record that will change over time. New records will need to be created as regulation changes and a new version of the software will contain new filing records.

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