Sean Kulan: How prepared are solo-regulated firms for SM&CR?

This final phase of the regime will see a broad range of firms coming into scope, from the very smallest businesses - including sole traders and limited permission consumer credit companies - through to the large global organisations. These include wealth management and financial advisory businesses, which now have less than one year to plan for the changes. With so much to take on board in a relatively short space of time, navigating the rules can seem a daunting and arduous task. The SM&CR came about in response to the financial crisis of 2008 with the aim of encouraging greater per...