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

Steve Andrews: The rewards of doing the right thing

Steve Andrews: The rewards of doing the right thing

Immanuel Kant's categorical imperative

Steve Andrews
clock 21 September 2026 • 4 min read
FCA crypto registrations more than double ahead of landmark regulatory framework

FCA crypto registrations more than double ahead of landmark regulatory framework

Majority now achieve approval

clock 21 September 2026 • 2 min read
Regulation is changing shape - what do advisers need to do about it?

Regulation is changing shape - what do advisers need to do about it?

Five themes, one direction of travel

Marjolaine Quirke
clock 18 September 2026 • 5 min read