Brokers finally have date for senior managers’ regime
The FCA has published when the Senior Managers & Certification Regime will come into force for brokers and revealed it is developing a directory of financial services workers.
Brokers have until 9 December 2019 to get ready for the Senior Managers and Certification Regime (SM&CR).
The Financial Conduct Authority (FCA) revealed the implementation date as it published the near final rules for the regime.
Firms can now access the guides to the SM&CR – which replaces the Approved Persons regime – to understand what steps they need to take to prepare for its implementation.
Standards
Jonathan Davidson, executive director of supervision (retail and authorisations) at the
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