The FCA has published its long-awaited Consultation Paper setting out proposals to extend the Senior Managers & Certification Regime to almost all firms regulated by the FCA.
Registration for this event is now closed.
The new regime will take effect from 2018, although the exact date has not yet been specified. The primary aim of the new regime (which will affect some 47,000 firms and more than 150,000 individuals within those firms) is to increase accountability – and personal liability – for Senior Managers within FCA regulated firms.
In our September briefing, we unpicked the FCA’s consultation paper and:
- Looked at the key elements of the proposed regime
- Considered how the regime differs between core, enhanced and limited scope firms, as well as that which was rolled out for banks and other dual-regulated firms in 2016
- Reflected on some of the more challenging or controversial aspects of the regime
- Offered our views on what firms should do to prepare for the new regime.