Senior Managers Certification Regime

On 4 July 2018, the FCA published, in their latest policy statement (PS18/14), its feedback on consultation paper CP 17/25 and near final rules on how the Senior Managers & Certification Regime (“SMCR”) will be applied to all FCA regulated firms and the steps such firms will need to take to comply.

The purpose of SMCR is to raise the standard of conduct for everyone who works within the financial services industry and to hold the more senior members of FCA regulated firms more responsible and accountable, on a personal level, for their actions.

Please click below to read our newsletter which sets out an overview of the near-final rules.

In light of the new legislative regime, we have been preparing to help firms tranisiton, ahead of the implementation of SMCR. We have identified areas of impact for your firm and ascertained how agreements will need to be amended.

Please click here for more information on how we can assist you.

For more information or further guidance on SMCR, Cleveland & Co external in-house counsel, your specialist outsourced legal team, are here to help.