Senior staff prepare for SM&CR challenge as FCA 'bares its teeth'
New rules due end of 2019
SM&CR aims to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct
Senior staff will soon face potentially unlimited fines if they fail to meet conduct standards under incoming rules that have already enabled the FCA to "bare its teeth" in efforts to transform the culture of the markets it regulates.
The Senior Managers & Certification Regime (SM&CR) will apply to the wider financial services sector from 9 December 2019, placing upon it new administrative, regulatory and conduct requirements that banks...
More on Regulation
Chris Davies: The FCA and your financial resilience
Systems, controls, governance and culture
FSCS hands out another £8.4m to LCF investors
Following more reviews
The value of value assessments: What next for AoVs?
Beyond the FCA's seven considerations
Nicky Morgan among trio to join FSCS board
Non-exec director
FCA sets out fresh best practice guidance for vulnerable customers
‘Ensure vulnerability is taken seriously’
Back to Top
More news
FCA extends adviser fee deadline for majority of firms
For smaller and medium firms
Talking with… FundsNetwork's Jackie Boylan
'There will be more consolidation'
SLA profits slump by 30% in H1
Fee-based revenue fell 13%
