Home / Financial Services / Accountability, culture and social governance / SM&CR and approved persons regime

Legal News

Review of senior managers regime provides useful insight

Copyright © 2025 LexisNexis

Published on: 19 April 2023

Published by a Law360 reporter

Table of contents

Edinburgh Reforms
1. Has the regime delivered against its original aims?
2. What is the impact of the certification regime on the UK's international competitiveness?
3. Is the certification regime applied proportionately for firms and individuals?
4. The operational efficiency of the approval processes
Opportunity to shape a key regulatory requirement

Article summary

Law360, London: The collective review of the Senior Managers and Certification Regime by HM Treasury, the UK Financial Conduct Authority (FCA) and the UK Prudential Regulation Authority (PRA) is now underway. Richard Burger, partner and Katy O’Connor, paralegal at WilmerHale provide insight into the senior managers certification regime.

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an