FCA unveils extension of the SM&CR


Changes made to the regime will be implemented on 9 December 2019, the same date that brokers will start to have to comply with the rules by.

The Financial Conduct Authority has published an update to its Senior Managers and Certification Regime (SM&CR).

Changes made as result of a consultation include: excluding the head of legal from the requirement to be approved as a Senior Manager; altering the intermediary revenue criteria for the extended regime and the clarification of the requirements and scope of the Certification Regime.

Firms, including authorised claims management companies (CMCs), impacted by this update will

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options


Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Interview: Sabre CEO Geoff Carter

Sabre boss Geoff Carter tells Insurance Age about the upsides for brokers from its IHP rollout, growing in motorbikes after the collapse of MCE and profitable expansion plans in taxi.

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: