FCA publishes proposals to extend the Senior Managers and Certification Regime

Posted on July 27, 2017
Archive : July 2017
Category : Herbert Smith Freehills

by Kimberly Everitt

The FCA has published proposals to replace the Approved Persons Regime with the Senior Managers and Certification Regime (SMCR) currently in force for banks. Almost all financial services firms will be required to comply with the SMCR. There is a separate consultation paper to extend the current Senior Insurance Managers Regime applicable to insurers to the full SMCR. Our recently published briefing contains a high level summary of the key elements of the new regime. The consultation ends on 3 November 2017. Read more of this post

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