Senior managers & certification regime (SM&CR) - update

Today, the FCA has issued three policy statements and a new consultation paper in respect of the SM&CR. The proposed date for its implementation is 9 December 2019. The consultation paper relates to the proposed introduction of a new directory of financial services workers, to replace the existing financial services register.

PS18/14: Extending the SM&CR to FCA firms and PS18/16: Final guidance: the duty of responsibility for insurers and FCA solo-regulated firms are relevant to all threesixty firms. The third policy statement relates solely to insurers.

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