Nearly half of brokers unaware of SMCR, research finds

Regulation

Only 56% of brokers are aware of the Senior Management and Certification Regime (SMCR), according to research by Ecclesiastical.

Surveying 250 brokers, the provider found that 27% of those working for a national firm were aware of the regime while 64% of provincial brokers were.

The survey illustrated that only 4% of brokers feel that they know everything they need to do ahead of the regime’s implementation, compared to one-third who said they had no knowledge on the subject.

Adrian Saunders,

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