Author: Nona Bowkis
Published: September 6, 2018
Reading time: 1 minute
This article is 4 years old.
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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.