Richard Nuttall: What will the SM&CR mean for sole traders?

Plain English guide to incoming regime

clock
Richard Nuttall: "SM&CR is not just Approved Persons by another name and should not be dismissed as such."
Image:

Richard Nuttall: "SM&CR is not just Approved Persons by another name and should not be dismissed as such."

With the SM&CR coming into effect in December, Richard Nuttall kicks off a series of plain English guidance for firms in the run-up to implementation and, first of all, considers the impact for sole traders

One of the more common questions we receive from business owners since publication of the Senior Managers and Certification Regime (SM&CR) is whether, as a sole trader business, they will be affected,...

To continue reading this article...

Join Professional Adviser

 

  • 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

Advisers welcome FSCS levy bill cut to £213m

Advisers welcome FSCS levy bill cut to £213m

'We are not immune to the cost of living crisis'

clock 26 May 2022 • 3 min read
Karl Dines: "It is great to understand it, but we also need to apply it."

Karl Dines: Six key strategies for riding the Consumer Duty storm

Logical and practical methodology

Karl Dines
clock 25 May 2022 • 6 min read
The firm agreed to a cease-and-desist order and a censure

SEC fines BNY Mellon Investment Adviser $1.5m for greenwashing

ESG reviews not performed

Lauren Mason
clock 24 May 2022 • 1 min read