Mark Greenwood: A final checklist for the SM&CR

Staff are your responsibility

clock • 4 min read

With the number of days left until the implementation of the Senior Managers and Certification Regime (SM&CR) nearing single figures, SimplyBiz Group's Mark Greenwood, rounds up everything that advice firms should have considered

Firstly, there has been so much noise around what you need to do to be ready for SM&CR, I thought it might be worth taking a quick look back at why the regulator introduced the new regime in the first place.   The aim of the SM&CR is to reduce harm to consumers and strengthen market integrity by creating a system that enables both firms and regulators to hold people to account. In order to achieve these objectives, SM&CR aims to: encourage staff to take personal responsibility for their actions improve conduct at all levels ensure firms and staff clearly understand, and can demo...

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