Richard Nuttall: What will the SM&CR mean 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, and whether or not they will have to do anything differently from the December 2019 deadline onwards. It is an understandable question, as such a lot of the focus around SM&CR seems to be on the responsibilities principals and those in senior management will be adopting in order to monitor the activity of their staff. As a sole trader, where the individual is the business, they have always ...