SM&CR is due to be extended to cover all solo regulated financial services firms from 9 December 2019 and will replace the Approved Persons Regime entirely.
The SM&CR’s overarching aim is to reduce harm to consumers and to strengthen market integrity by improving culture, governance and accountability.
The regime creates a new regulatory framework to:
SM&CR which applies on a legal entity basis will affect most senior managers, with board members (or equivalent) and those who have significant ability to cause significant harm to a firm’s business – namely Certification Staff.
Our subject matter experts have the required knowledge and experience and are well placed to help you to interpret and implement SM&CR effectively and benchmark against industry best practice.
Please contact Ayaz Siddiqui (firstname.lastname@example.org) if you wish to discuss SM&CR and how we may be able to support you.