Mar 18, 2025 · The Senior Managers and Certification Regime (SM&CR) aims to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their …

Mar 18, 2025 · The SM&CR Guide for FCA solo-regulated firms is a summary of our rules and guidance on SM&CR. It gives an overview of how the SM&CR works for these firms. We have …

The Senior Managers and Certification Regime (SM&CR) applies to the United Kingdom banking sector since March 2016 and to dual-regulated insurers since December 2018. SM&CR has …

SM&CR refers to the Senior Managers and Certification Regime. Our handy Q&A explains everything you need to know about these regulations, so you can get your recruitment drive off …

Dec 10, 2018 · There are three main elements to the regime: conduct rules that apply directly to a firm’s workforce. The table in SYSC 23.3.3G gives more details about each of those three …

The Senior Manager's Certification Regime (SM&CR) was introduced in 2018 to ensure that all senior managers within financial services companies hold the right skill set to manage their …

SM&CR, standing for Senior Managers and Certification Regime, was introduced by the Financial Conduct Authority (FCA). It has been in place since 2016, applying to banks, building …

Apr 14, 2023 · On 30 March 2023, the Prudential Regulation Authority (“PRA”) and Financial Conduct Authority (“FCA”) (the PRA and FCA together being the “Regulators”) published a …

The SM&CR replaces the current Approved Persons Regime for SM&CR firms. The regime does not require firms to change their governance structure or introduce new roles but

SMCR applies to almost every UK solo-regulated firm, from very small firms (including sole traders and limited permission consumer credit firms) to some of the largest global firms. It is …