The Financial Conduct Authority (FCA) has confirmed those who hold the Client Dealing Function must be 'certified' under the incoming SM&CR rules - but there is some confusion as to where paraplanners will stand.
The Senior Managers & Certification Regime (SM&CR) will consist of three tiers: senior managers, certified employees, and then the rest of financial services employees, who will be subject to conduct rules....
'People miscalculate how much they need'
Information request by AJ Bell
Could lose 97% of investment
'Document your conversations'