SMCR Myths & Facts

With lots of information coming out from from the latest FCA announcement we have looked at the Myths and Facts to make it a bit clearer for you and your team. Myth: The Certification Regime is being scrapped, so firms can…
With lots of information coming out from from the latest FCA announcement we have looked at the Myths and Facts to make it a bit clearer for you and your team. Myth: The Certification Regime is being scrapped, so firms can…
The Senior Manager Regime covers the most senior decision-makers in financial services firms. The aim is individual accountability for holding key responsibilities, always subject to regulatory scrutiny. The consultations propose several important changes. What’s New for SMFs? Summary Expect…
SMCR scope changes have major implications for enhanced and limited scope firms. This article outlines the latest updates, explains the impact, and provides practical steps for reducing the compliance burden in line with evolving FCA standards. Beyond SMFs and Certification,…
The Certification Regime currently requires firms to certify many mid- and upper-level staff – not just SMFs – as ‘fit and proper’ every year. This includes people in significant harm functions (roles that may pose risk to customers or the…