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UK finance ministry delays plans for new senior managers regime

Copyright © 2025 LexisNexis
Published on: 27 January 2025
Published by an MLex correspondent

Article summary

MLex: A review of the UK Senior Managers and Certification Regime (SM&CR)—a set of regulations to ensure the accountability of executives and staff in key functions with financial services firms, has been expected for months. Financial regulators are understood to be ready to publish a commitment to consult on the matter after a review of the topic was conducted in 2023, but plans have been delayed by the finance ministry.

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United Kingdom

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