SM&CR

Insights and guidance from ACA's team of experienced compliance and technology professionals.

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March 14, 2019

The Investment Firm Regulation (IFR), a new prudential framework developed by the European Commission (EC), will soon apply to all MiFID investment firms.

Senior Managers & Certification Regime: 6 major challenges for firms
February 27, 2019

As firms look to address the FCA’s Senior Managers and Certification Regime (“SM&CR”), ahead of the December 9 deadline, we observe six common themes and challenges emerging from their project implementation.

January 3, 2019

The extension of the FCA’s Senior Managers and Certification Regime (SM&CR) to all solo-regulated firms comes into force on 9 December 2019.

December 21, 2018

The Senior Managers & Certification Regime (SM&CR) comes into effect on 9 December 2019 for solo-regulated firms, impacting approximately 47,000 financial firms.

August 29, 2018

The UK’s financial regulator recently announced 9 December 2019 as the deadline for the implementation of the Senior Managers & Certification Regime (SM&CR) for solo-regulated firms. With the regulation set to impact 47,000 financial firms, we answer some common questions that firms may have on the upcoming SM&CR.

July 25, 2018

Last week the FCA published a clutch of papers on the extension of its Senior Managers and Certification Regime (“SM&CR”) to all firms authorised under Financial Services and Markets Act 2000 ("FSMA).

July 12, 2018

The FCA’s most recent consultation paper on the Senior Managers & Certification Regime (“SM&CR”) suggests that fears of an onerous regime are unwarranted. The FCA is proposing to take a flexible and proportionate approach to accommodate the different types of firms in the industry.

June 18, 2018

In its 2018-19 business plan, the FCA make it one of its cross-sector priorities to finalise the rules and extend the Senior Managers & Certification Regime to all FCA-authorised firms. This blog outlines the current regulatory thinking in this area and what firms should be doing to prepare themselves for the looming changes.