Governance

Governance guidance:

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

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

Following amendments to the Financial Services and Markets Act 2000 (FSMA 2000) made by the Financial Services Act 2012, the Financial Services Authority ceased to exist...

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

This Practice Note looks at the requirements of chapter 13 of the Financial Conduct Authority (FCA)'s Senior Management Arrangements, Systems and Controls sourcebook...

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

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

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

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

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

The roles of nominated officer and money laundering reporting officer A nominated officer is an individual who is nominated by a firm to receive disclosures under Part 7...

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
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