Mark Greenwood: Putting the fun in SM&CR functions

clock • 4 min read

In the latest of his articles on the realities of the Senior Managers & Certification Regime (SM&CR), Mark Greenwood looks at the mechanics of changing roles and Senior Manager functions under the new regime now it is in place…

It has rarely - if ever - been said that compliance suffers from a lack of acronyms. However, I've decided to introduce a few more in this article by taking a look at the HR within SM&CR.  And, I warn you in advance, this is where it starts to get really exciting! I'll begin by defining what, in the context of SM&CR, the difference is between a new hire and a change of role.  When an existing Senior Manager is moving between two FCA authorised firms (that are not part of the same group), this is considered to be a new hire, even where similar duties will be carried out.  Where a perso...

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