Menu
  • Home
  • About Us
  • Services
  • Videos
  • Support
  • Events
  • Latest News
  • Contact

FCA update:

By December 10, 2019Uncategorized

The Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR) for solo-regulated firms from 9 December 2019. The regime aims to reduce harm to consumers and strengthen market integrity. It sets a new standard of personal conduct for everyone working in financial services.

The SM&CR encourages greater individual accountability and sets a new standard of personal conduct in financial services by:

  • ensuring senior managers are accountable for conduct in their areas of responsibility
  • ensuring a minimum standard of behaviour for everybody working in the sector through our 5 Conduct Rules
  • enhancing professionalism in the industry by requiring firms to certify that their staff are fit and proper

https://www.fca.org.uk/firms/senior-managers-certification-regime/solo-regulated-firms