Senior Managers and Certification Regime

Senior Managers and Certification Regime guidance:

Introduction The Financial Conduct Authority (FCA) took over regulation of the claims management sector from the Claims Management Regulator (CMR) on 1 April 2019....

Practice Note

On 7 March 2016, the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR) for UK banks, building societies, credit unions and...

Practice Note

STOP PRESS: The Senior Managers and Certification Regime (SM&CR) was extended to insurers regulated by the FCA and PRA from 10 December 2018, replacing the Senior...

Practice Note

Overview of Directory Persons As a consequence of the extension of the Senior Managers & Certification Regime (SM&CR) to solo-regulated firms in December 2019, the...

Practice Note

Overview The Senior Managers & Certification Regime (SM&CR) is the Financial Conduct Authority’s (FCA) and Prudential Regulation Authority’s (PRA) framework for...

Practice Note

STOP PRESS: The Senior Managers and Certification Regime (SM&CR) was extended to insurers regulated by the FCA and PRA from 10 December 2018, replacing the Senior...

Practice Note

STOP PRESS: On 16 July 2018 the Financial Reporting Council published revised versions of its UK Corporate Governance Code (UKCG Code) and Guidance on Board Effectiveness...

Practice Note

STOP PRESS: On 16 July 2018 the Financial Reporting Council published revised versions of its UK Corporate Governance Code (UKCG Code) and Guidance on Board Effectiveness...

Practice Note

On 7 March 2016 the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APER) in relation to UK banks, building societies, credit...

Practice Note

The Senior Managers and Certification Regime (SM&CR) and the Approved Persons Regime (APR) are the UK regulators’ framework for regulating individuals working in...

Practice Note

On 7 March 2016 the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APER) in relation to UK banks, building societies,...

Practice Note

SM&CR and APER The Senior Managers and Certification Regime (SM&CR), which applies to banks, building societies, credit unions and PRA-regulated broker dealers in the UK...

Practice Note

General role and responsibility of a non-executive director (NED) For information about the roles and responsibilities of NEDs, see Practice Note: Non-executive directors...

Practice Note

Introduction to the senior managers regime The Senior Managers and Certification Regime (SM&CR) is a comprehensive suite of legislation, regulation and conduct rules that...

Practice Note

Produced in partnership with Simon Morris, Partner and Gillian MacLellan, Partner of CMS 1 Introduction 1.1 The Financial Conduct Authority (FCA) and the Prudential...

Precedents

The Senior Managers and Certification Regime (SM&CR) will be extended to all firms authorised under the Financial Services and Markets Act 2000 (FSMA 2000) and regulated...

Practice Note

STOP PRESS: On 16 July 2018 the Financial Reporting Council published revised versions of its UK Corporate Governance Code (UKCG Code) and Guidance on Board Effectiveness...

Practice Note

On 7 March 2016 the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR) in relation to UK banks, building societies, credit unions...

Practice Note

STOP PRESS: The Senior Managers and Certification Regime (SM&CR) was extended to insurers regulated by the FCA and PRA from 10 December 2018, replacing the Senior...

Practice Note

On 7 March 2016 the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APR) in relation to UK banks, building societies, credit unions...

Practice Note

FIT and PRA approval For guidance on the PRA approval process, see Practice Note: Application for approval as a PRA-designated Senior Management Function. Performance of...

Practice Note

On 7 March 2016 the Senior Managers and Certification Regime (SM&CR) and the Senior Insurance Managers Regime (SIMR) replaced the PRA's Approved Persons Regime (APER)....

Practice Note

STOP PRESS: The Senior Managers and Certification Regime (SM&CR) was extended to insurers regulated by the FCA and PRA from 10 December 2018, replacing the Senior...

Practice Note

As a result of failings in the financial services sector which contributed to the 2008 financial crisis, the UK Parliamentary Committee on Banking Standards (PCBS) was...

Practice Note

The Senior Managers and Certification Regime (SM&CR) was extended to firms authorised under the Financial Services and Markets Act 2000 (FSMA 2000) and regulated by the...

Practice Note

Who needs an MRM and when is it required? Firms covered by the Senior Managers and Certification Regime (SM&CR) are required at all times by the Senior Management...

Practice Note

The Senior Managers Regime and Certification Regime—what is it? The regime has three key elements: the Senior Managers Regime and Certification Regime (SM&CR) and the...

Practice Note

On 7 March 2016, the Senior Managers and Certification Regime (SM&CR) replaced the Approved Persons Regime (APER) in relation to UK banks, building societies, credit...

Practice Note

In June 2013, the Parliamentary Commission for Banking Standards (PCBS) published its report Changing Banking for Good, which set out a number of recommendations for...

Practice Note

Banks, building societies, credit unions, PRA-regulated investment firms and insurers are required to file a Statement of Responsibilities (SOR) with the Financial...

Practice Note
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