The FCA last week published proposals to extend the SM&CR to almost all regulated firms – FCA Consultation Paper (CP17/25) – Senior Managers and Certification Regime (“SM&CR”) Why Jonathan Davidson, Executive Director of Supervision- Retail & Authorisations at the FCA, said: “Culture and governance in financial services and its impact on consumer outcomes is a […]

Press Releases Published: 28/09/2016 Last Updated: 28/09/2016 – The Financial Conduct Authority (FCA) will mark six months since the implementation of the Senior Managers’ and Certification Regime by providing feedback on implementation so far and proposing measures to further strengthen the regime. The proposed rules will reinforce the importance of individual accountability at the most […]

The FCA has updated its website with information about firms’ obligations to report conduct rule breaches under the SENIOR MANAGERS AND CERTIFICATION REGIME (SM&CR). http://bit.ly/2cwxlyk The FCA notifies firms that the reporting window is open from 1 September 2016 to 31 October 2016. Firms should use Form H to report any breaches where disciplinary action […]