SMCR to make relationship between adviser and regulator more "adult-like"

Pedro Gonçalves
clock • 2 min read

The Financial Conduct Authority expects the new Senior Managers and Certification Regime will push the way the regulator engages with advisers and small firms to a more "adult-like" relationship. The Senior Managers and Certification Regime (SMCR), the Financial Conduct Authority's (FCA) flagship regulation, will make it possible to identify who precisely can be held responsible for future missteps of any kind. On Monday, December 9, the regime will be broadened beyond the very large banks it now governs to almost 50,000 more companies in the UK. Money managers with billions of pou...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login