The Financial Conduct Authority (FCA) is consulting on making changes to its rules following the extension to the deadline by which FCA solo-regulated firms need to have implemented the certification regime.
Last month the Treasury announced the deadline that firms must have first assessed the fitness and propriety of their certified staff will be delayed until 31 March 2021. The change will give firms that have been significantly affected by the coronavirus pandemic time to make the necessary changes. However, to ensure the Senior Managers and Certification Regime (SM&CR) deadlines remain consistent, the regulator is now consulting on extending the deadline for the following requirements from 9 December 2020 to 31 March 2021: the date the Conduct Rules come into force the deadline...
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