Chris Davies: 2019 - the year of high regulatory accountability

SM&CR is the big one

clock • 5 min read

In a sector beset by red tape, says Chris Davies, the new year is a good time to take stock of what regulations have been introduced and those that are just down the road - not least the SM&CR

One thing we can count on in financial services, apparently, is that it rains regulations and so, with the end of January in sight, it is worth taking stock of where we are and ensure we can plan ahead as we enter an era of high regulatory accountability. FCA U-turns on administrative SM&CR rules 2018 saw a major focus on consumer protection across: * PRIIPs: This was the regulation on key information documents for Packaged Retail and Insurance based Investment Products, which aimed to extend the MiFID II standards of consumer protection. A tad controversial, given the FCA had to c...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Risks and opportunities from the 'death of the annual review'

Risks and opportunities from the 'death of the annual review'

'Annual reviews have historically acted as a safeguard against disengagement'

Graeme Devlin
clock 29 May 2026 • 4 min read
Non-financial misconduct: Rising expectations and rising exposure

Non-financial misconduct: Rising expectations and rising exposure

'Managers need to know what to look for and what to do in the moment, including when to escalate'

Sarah Jackman
clock 27 May 2026 • 5 min read
FCA must still fix investing culture, says LSE CEO

FCA must still fix investing culture, says LSE CEO

‘We’ve protected people from the downside but we haven’t exposed the upside’

Sophia Panayi
clock 20 May 2026 • 1 min read