SENIOR MANAGERS & CERTIFICATION REGIME

SM&CR is due to be extended to cover all solo regulated financial services firms from 9 December 2019 and will replace the Approved Persons Regime entirely.

The SM&CR’s overarching aim is to reduce harm to consumers and to strengthen market integrity by improving culture, governance and accountability.

The regime creates a new regulatory framework to:

Focus accountability on a narrower number of individuals at the top of the firm
Encourage individuals to take greater responsibility for their actions
Make it easier for both firms and regulators to hold individuals to account

SM&CR which applies on a legal entity basis will affect most senior managers, with board members (or equivalent) and those who have significant ability to cause significant harm to a firm’s business – namely Certification Staff.

Why Westwise Solutions Limited

Our subject matter experts have the required knowledge and experience and are well placed to help you to interpret and implement SM&CR effectively and benchmark against industry best practice.

Please contact (Team@westwisesolutions.co.uk) if you wish to discuss SM&CR and how we may be able to support you.

SENIOR MANAGERS & CERTIFICATION REGIME

SPEAK TO US ABOUT HOW WE CAN HELP YOU

GET IN TOUCH

GET IN TOUCH