Billy Bradley#14194

Billy Bradley

Partner, CMS
Billy has significant contentious regulatory experience and advises financial services firms and senior individuals on governance, individual accountability and regulatory risk, with a particular focus on the Senior Managers & Certification Regime (SMCR).
 
He regularly advises on Conduct Rule breaches, fitness and propriety assessments, regulatory references and non-routine individual approval applications. Billy frequently engages with the FCA and PRA on behalf of clients, including responding to detailed regulatory information requests and preparing senior individuals for SMF interviews.
 
Billy has extensive experience supporting firms in the design, implementation and operation of the SMCR, including accountability mapping, governance frameworks and the practical application of individual accountability requirements at senior management and board level.
 
He also advises clients on FCA enforcement investigations, disciplinary proceedings, market abuse matters and whistleblowing investigations, as well as self-notification obligations arising from potential regulatory breaches. Billy supports clients in managing complex and sensitive supervisory relationships with regulators.

Contributed to

3

SM&CR—SMF interviews for regulatory approval
SM&CR—SMF interviews for regulatory approval
Practice Notes

This Practice Note outlines the use of interviews by the Financial Conduct Authority (FCA) and/or the Prudential Regulatory Authority (PRA) as part of the approval process to perform senior manager functions (SMF) at authorised firms under the UK regulators’ Senior Managers & Certification Regime (SM&CR). It outlines the circumstances in which the regulators are most likely to conduct interviews as part of the SMF approval process. It provides practical guidance for SMF candidates and their firms in preparing for interview, including common areas of focus during interviews, the regulators’ approach to interviewing external or internal SMF candidates and additional considerations for SMF candidates at dual-regulated firms.

SM&CR Checklist—preparing for SMF interviews
SM&CR Checklist—preparing for SMF interviews
Checklists

This Checklist supports candidates preparing for interviews with the Financial Conduct Authority (FCA) and/or the Prudential Regulatory Authority (PRA) for approval to perform a senior manager function (SMF) under the UK regulators’ Senior Managers & Certification Regime (SM&CR).

SM&CR Checklist—SMF approvals: what to do when things go wrong
SM&CR Checklist—SMF approvals: what to do when things go wrong
Checklists

This Checklist assists Senior Management Function (SMF) candidates and their firms to prepare for and address issues which may arise during the application process with the Financial Conduct Authority (FCA) and/or the Prudential Regulatory Authority (PRA) for approval to perform an SMF under the UK regulators’ Senior Managers & Certification Regime (SM&CR). It supports both candidates and firms (which submit the SMF application on behalf of the candidate) in identifying, managing and responding to issues which arise during or following an SMF interview, on receipt of a ‘minded to refuse’ letter, or where the regulator(s) refuse the application.

Experience

  • CMS (2014 - Current)

Qualification

  • LLB (2012)

Education

  • University of Law (2012-2013)
  • University of Southampton (2009-2012)

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