As part of the implementation of the Senior Managers & Certification Regime (SM&CR) on 9 December 2019 for solo FCA regulated firms, a number of transitional provisions were put in place. Although initially due to expire on 9 December 2020, due to Covid-19, some were extended to 31 March 2021. These are:
You should have already identified all individuals who perform (or have performed) from the start of the SM&CR regime (9 December 2019) any role meeting the definition of a ‘directory person’. Having done this, you must complete and submit relevant data on your directory persons to the FCA via Connect. This must be completed no later than the 31 March 2021. Details of any new relevant appointments during the transitional period, for example, between 9 December 2019 and 31 March 2021, must also be submitted no later than 31 March 2021.
Clients of threesixty are kept up to speed with the latest regulatory, industry and technical developments via our regular news and opinions articles.
As well as being updated via the articles we publish to threesixty online, clients can specify to us what type of articles they want to receive (by category) and how frequently they receive them.
To try this service, simply register your details with us and we'll give you 3 months free and unlimited access to our news and opinions.