October 18, 2015

T-C News Article – October 2015

Getting ready for the Senior Managers Regime

The Senior Managers Regime (SMR) is coming soon and firms across the financial services industry are beginning to focus seriously on the consequences of this new regulation and their required
response.  The new rules are wide ranging but there are four main strands:

1. The new Senior Managers Regime
2. The new Certification Regime
3. A new set of Conduct Rules
4. New Fitness and Propriety

Those firms that will obviously be subject to the regulation (UK banks, building societies, credit unions, PRA designated investment firms and incoming branches of overseas banks) should be well underway with their response by now. A much wider set of firms, however, must be aware of the proposals. READ MORE

By Neil Herbert Articles Blog News Share:
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