Majority of advisers will be absent from FCA Register for 12 months

In its policy statement PS19/7, published this morning (8 March), the Financial Conduct Authority (FCA) revealed that adviser firms have until December 2020 to submit data for the new directory. The information will then be made public that month.  Advisers who are not held to be ‘senior managers' under the regulator's incoming Senior Manager & Certification Regime (SM&CR) will, however, be taken off the FS register on 9 December 2019, when that new regime comes into play. Unless advisers hold chief executive (SMF1), executive director (SMF3), chair (SMF9), compliance oversight (SMF16...