SMCR Manager is now available
The Financial Conduct Authority (FCA) has published proposals to extend the Senior Managers and Certification Regime (SMCR) to FCA firms.
The aim of SMCR is to reduce harm to consumers and strengthen market integrity by making firms and individuals at those firms more accountable for their conduct and competence. From the implementation date individuals in a regulated firm will be subject to increased administrative and regulatory requirements and expectations as to how they conduct themselves.
The SMCR will replace the Approved Persons Regime in December 2019 for FCA firms including asset managers, investment firms and consumer credit firms.