FCA delays SM&CR rules on coronavirus disruption

Extended to 31 March 2021 for solo-regulated firms

Mike Sheen
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The FCA confirmed the 31 March date will apply to conduct rules
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The FCA confirmed the 31 March date will apply to conduct rules

Business disruption caused by the coronavirus pandemic has forced the Financial Conduct Authority (FCA) to delay the introduction of the Senior Managers & Certification Regime (SM&CR) to solo-regulated firms.

The FCA said in a statement on Wednesday (1 July) that the Treasury had agreed to delay the first of assessment of the fitness and propriety aspects of the Certified Persons element of the regime f...

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