Bovill briefing | SMCR – the final countdown | London | Event date: Wednesday 26 September 2018
It’s official, the Senior Managers & Certification Regime will apply to all FCA-regulated firms from 9 December 2019.
In an attempt to reduce the burden, the FCA has minimised the SM&CR obligations for most firms. However, certain aspects of the regime, such as the duty of responsibility and resulting personal liability that senior managers will take on under the new regime, mean that implementation will not be without its challenges. Add in the usual array of processes, for example annual ‘fit and proper’ assessments, and there’s still plenty for firms to think about between now and late 2019.
In this briefing, we discussed:
- the key elements of the new regime
- set out what firms are expected to do and how you should go about preparing for implementation
- outlined some of the areas that banks and PRA-regulated firms found to be particularly challenging or tricky, when implementing the regime in 2016
- reflected on whether the regime is likely to achieve its stated aims.
To find out more information about any of the topics covered or to request a copy of the slides please get in touch at email@example.com.