Governance

Governance guidance:

The Financial Conduct Authority (FCA) has statutory objectives which include the protection and enhancement of the integrity of the UK financial system. The integrity of...

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

Background to the concept of conduct risk Conduct risk has been a corner stone of the Financial Conduct Authority's (FCA) regulatory approach since it took over...

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

This Practice Note explains the Financial Conduct Authority's (FCA) Training and Competence (TC) regime. The TC regime supports the FCA's consumer protection objective...

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

BREXIT: The UK is leaving the EU on exit day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance, see...

Practice Note

Purpose SYSC 12 in the Senior Management Arrangements, Systems and Controls sourcebook (SYSC) in the Financial Conduct Authority (FCA) Handbook sets out how the systems...

Practice Note

Reporting money laundering under the Proceeds of Crime Act 2002 (POCA 2002) The Money Laundering Regulations Businesses regulated by the Money Laundering Regulations...

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

The general objective of the Prudential Regulation Authority (PRA) is to promote the safety and soundness of the firms it regulates. Its objectives are primarily met by...

Practice Note

This Practice Note outlines the requirements of the Senior Management Arrangements, Systems and Controls sourcebook (SYSC), namely SYSC 2, SYSC 3 (and the related...

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

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

The Certification Regime (CR) is one component of the broader Senior Managers & Certification Regime (SM&CR), the Financial Conduct Authority’s (FCA) and Prudential...

Practice Note

Training and competence—appropriate examination standards The Financial Conduct Authority (FCA) training and competence sourcebook (TC) requires individuals to attain the...

Practice Note

Employment Rights Act 1996 and Public Interest Disclosure Act 1998 Under the Employment Rights Act 1996 (ERA 1996), as amended by the Public Interest Disclosure Act 1998...

Practice Note