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Statement of Responsibility Template

Statement of Responsibility Template


Requirement to maintain an up-to-date Statements of Responsibility (SoR) apply to all Senior Management Functions (SMFs). These are single documents setting out the roles and responsibilities of the individual.


They must be in an FCA-prescribed form and be self-contained. Their purpose is to make clear what a Senior Manager is responsible and accountable for, under the ultimate accountability of the firm’s governing body.  The FCA will refer to Statements of Responsibilities when things go wrong to pinpoint the individual(s) in charge.


Out template is designed to help you guide you through the regulatory requirements regarding the drafting of a SoR. However, do remember that with every purchase, you are entiteled to 10 minutes of free consultation! 

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