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...

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