The Investment Firm Regulation (IFR), a new prudential framework developed by the European Commission (EC), will soon apply to all MiFID investment firms.
Insights and guidance from ACA's team of experienced compliance and technology professionals.
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.
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.
The Senior Managers & Certification Regime (SM&CR) comes into effect on 9 December 2019 for solo-regulated firms, impacting approximately 47,000 financial firms.
Back in July, the FCA confirmed the extension of its Senior Managers and Certification Regime (“SM&CR”) to all solo-regulated firms (i.e., thos
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.
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).
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.
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.