The Financial Services (FS) register will go down over the coming weekend for maintenance ahead of the implementation of the next phase of the Senior Managers and Certification Regime (SM&CR).
The register will be unavailable from 6pm on Friday (6 December) to 9am on Monday (9 December), meaning consumers will be unable to search for information on firms over the weekend, such as whether a business has restrictions on its regulatory permissions. The incoming SM&CR legislation will apply to the wider financial services sector from Monday, placing news administrative, regulatory and conduct requirements on firms that banks and other large financial institutions have been subject to since 2016. In March, the Financial Conduct Authority confirmed that as a result of the new leg...
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
