FCA Regulated firms and the new SMCR

From December 2019, new FCA rules come into play as the SMCR Senior Managers and Certification Regime is extended to all authorised firms.

The regime consist of three parts: Senior Managers Regime (SMR), Certificate Regime and the Conduct Rules.

In addition to considering the above – more to come in later updates – FCA registered dealers will need to review documentation including employment contracts to be sure that the necessary people are contractually bound to observe the new conduct rules.

December 2019 is a fair way ahead but this is something which FCA registered dealers will need to start thinking about to ensure compliance.


Authors: Nona Bowkis

Published: 06 Sep 2018


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