On 26th July 2017, the FCA published its long-awaited Consultation Paper (CP17-25) on the extension of the Senior Managers and Certification Regime (SMCR), which focuses on the personal responsibility and accountability of Senior Managers and people who are required to be certified. The consultation set out the FCA proposals to extend the new tougher regime to almost all firms authorised by the FCA, including investment firms, asset managers, insurance and mortgage brokers and consumer credit firms. (The FCA issued a separate consultation CP 17-26 which sets out its proposals for insurance companies.) The FCA has announced that the extension will take place in 2018.
Firms will need to consider the fundamental changes they will need to make in preparation for the implementation of the regime. Complyport in partnership with Alexander Lloyd is pleased to announce that we will be hosting a briefing to analyse and consider the impacts of the regime.
The topics to be covered are:
• Key elements of the regime
• The key differences between limited, core and enhanced scope firms
• What firms need to do under the Senior Managers regime
• What firms need to do under the Certification regime
• How it will impact your firm and what action should be taken
• How Complyport can help
We hope that you will be able to attend this event.
To invite additional member of your team, please contact Ami Jassal or call a member of our Compliance team on (0203) 011 0057