SMCR: December 2019 - What do you need to know?

Are you ready for the extension of the SMCR on 9 December 2019?

The SMCRs have been in force since 7 March 2016 with the overall aim is to improve accountability for individuals working in financial services. The UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) require firms to map out the roles of their senior managers and to allocate responsibilities to them so as to make them individually accountable.

Both individuals and firms in the financial sector are significantly affected by the regime. All involved need a thorough understanding of the new regime.

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Kingsley Napley Employment Partner Adrian Crawford speaks about the upcoming extension to the SMCR and some of the things senior managers need to know to avoid the pitfalls of the new regime

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To find out more, visit our website for the FAQs regarding to the Senior Managers and Certification Regime.