Why the Senior Manager Certification Regime Matters The Senior Manager Certification Regime (SMCR) is a cornerstone of regulatory reform in the UK financial services sector, designed to enhance accountability and ensure that senior managers take responsibility for their actions. Introduced by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the regime aims […]
SMCR
SMCR. Are you ready?
Are you ready for SMCR? The Senior Managers and Certification Regime (SMCR) comes into effect on the 9th December 2019 for solo-regulated firms. This affects all Financial Services and Markets Act (FSMA) authorised firms. SMCR represents a complete overhaul of the current Approved Persons Regime and will require a considerable amount of effort, resource and […]
