The Chartered Institute for Securities & Investment (CISI) has launched its Senior Managers & Certifications Regime (SM&CR) Conduct Rules toolkit to help members prepare for the upcoming rule changes.
The Financial Conduct Authority (FCA) launched the SM&CR in 2016. It will apply to all financial services from 9 December this year, bringing with it new administrative, regulatory and conduct requirements. SM&CR aims to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct, while encouraging a culture of personal responsibility throughout businesses. The CISI's toolkit focuses on one of the three pillars of SM&CR - conduct rules. It correlates the five conduct rules specified by the FCA and provides information to CISI resou...
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