Taking responsibility: the FCA’s Senior Managers and Certification Regime

Author: Charles Proctor

Charles Proctor, Partner, Fladgate LLP (cproctor@fladgate.com)

 

The Financial Conduct Authority (FCA) has recently consulted on replacing its Approved Persons Regime with the Senior Managers and Certification Regime (SM&CR) for all FCA solo-regulated financial services firms.  The aim of the SM&CR is to improve accountability within financial services firms and to raise standards of conduct.  The SM&CR was originally introduced for banks and large investment firms, largely in response to the financial crisis, but is now being extended to apply to financial services firms more generally.

Please see link below for full briefing.

Taking responsibility – the FCA’s Senior Managers and Certification Regime

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