Clifford Chance

Extension of the Senior Managers and Certified Persons Regime

26 July 2017

The FCA has published its long awaited consultation paper on the extension of the senior managers and certification regimes (SMCR) to all financial services regulated firms. Going forward virtually everyone in a regulated firm will be subject to increased regulatory requirements and expectations as to how they conduct themselves.

Within firms, significant focus will be placed on those in management and control positions to implement the regimes and then meet their expectations going forward.

This briefing will help firms and their employees understand what they need to do to ensure a smooth transition to the new regime which is expected to come into effect in 2018 (most likely following the summer).

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