The Financial Conduct Authority has said it would consult on the rules for the extended senior managers’ regime in the next three months. In an update published today, the FCA said the extended regime would be “clear, simple and proportionate”. It comes as rules affecting mortgage brokers and investment advisers at banks come into effect […]

The Senior Management Regime (SMR) and Certification Regime (CR) is to apply to all FSMA-authorised firms from 2018.   HM Treasury forecasts that the proposed extension of the SMR will bring 42,000 consumer credit firms, 17,200 investment firms and 580 insurers within its remit and significant challenges. What is the Senior Management Regime (SMR) and Certification […]