You can work out your firm’s type by either using the firms checker tool below or by reading the Guide to the SM&CR for solo-regulated firms.
Q1: Is your firm currently exempt from the Approved Persons Regime?
Q2: Is your firm currently subject to a limited application of the Approved Persons Regime?
You are a Limited Scope SM&CR firm.
Q3: Are you a Significant IFPRU firm?
You are an Enhanced SM&CR firm.
Q4: Are you a CASS Large Firm?
You are an Enhanced SM&CR firm.
Q5: Are you a firm with Assets Under Management of £50 billion or more as a 3 year rolling average?
You are an Enhanced SM&CR firm.
Q6: Are you a firm with total intermediary regulated business revenue of £35million or more per annum, calculated as a 3 year rolling average?
You are an Enhanced SM&CR firm.
Q7: Are you a firm with annual revenue generated by regulated consumer credit lending of £100m or more calculated as a 3 year rolling average?
You are an Enhanced SM&CR firm.
Q8: Are you a mortgage lender or administrator (that isn’t a bank) with 10,000 or more regulated mortgages outstanding?
You are an Enhanced SM&CR firm.
You are a Core SM&CR firm.
Q2: Are you a CMC?
You are a Limited Scope SM&CR firm.*
*CMCs that are authorised to perform other financial services, in addition to claims management, could be categorised as a Limited Scope, Core or Enhanced firm. These firms should refer to the Handbook and PS19/9 to ensure they identify the correct SMCR category.
You are not an SM&CR firm.