Assessing the FCA's latest business plan, Tor Connolly argues advisers should see regulation as an opportunity both to limit the risk of non-compliance and ensure genuine, long-lasting relationships with their clients
In April, the Financial Conduct Authority (FCA) published its Business Plan for 2019/20, outlining its cross-sector priorities for the coming year: culture and governance, fair treatment of customers, operational resilience and combatting financial crime and money laundering. For wealth and asset managers in particular, the upcoming Senior Managers & Certification Regime (SM&CR) deadline should be a major priority. It means we could see firms hit with unlimited fines if they are not compliant by 10 December this year. As part of meeting these new requirements, senior managers should l...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
