Brokers in the dark over SMCR


The Senior Managers & Certification Regime (SMCR) legislation, which has been in place for banks and lenders since 2016, is being extended to insurers from December 2018.

Brokers will come under the scope of the regime in 2019.

It will effectively replace the Senior Insurance Managers Regime (SIMR) with a new set of guidelines designed to protect customers and make individuals more accountable for their conduct and competence.

As well as targeting senior employees the new rules mean a code of

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: