Opinion: Applying the new regime
With the Senior Managers and Certification Regime set to be applied next year, Mike Cranny guides you through the main elements involved and advises you not to panic
Insurance brokers should know by now that the Senior Managers and Certification Regime will apply to them later next year.
The purpose is to raise the standard of conduct for everyone in financial services as well as making senior people more accountable for their actions.
Fortunately, it is unlikely to present most well-run brokers with a headache. That’s just as well as insurance brokers have a lot on their plate next year with the Insurance Distribution Directive and of course, GDPR.
The
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