Consultant Zone

Senior Managers and Certification Regime (SM & CR) – individual accountability

Senior Managers and Certification Regime (SM & CR) – individual accountability

The extension of the SM&CR is on the horizon and having discussed the effect on firms in our previous note, we now explore the effect on individuals. The new regime will replace the Approved Persons Regime currently in place and it is essential that individuals affected by the changes understand what they are going to […]

Extension of the Senior Managers & Certification Regime

In October 2015, HM Treasury announced its intention to extend the Senior Managers and Certification Regime (SM&CR) beyond Banks and Building societies to all firms within the financial services industry. The Financial Conduct Authority (FCA) has now published proposals to extend the regime to almost all regulated firms. It has been widely publicised that the […]