Timeline and publications for SMCR extension
Milestones to date
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Milestones to come
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Extended SMCR publications
| Consultation papers and discussion papers | Policy statements |
| July 2020 FCA consultation paper (CP20/10) on extending implementation deadlines for the Certification Regime and Conduct Rules until 31 March 2021. |
October 2020
FCA policy statement (PS/20/12) on extending the implementation deadlines for the Certification Regime and Conduct Rules until 31 March 2021. |
| July 2020 PRA consultation paper (CP7/20) proposing minor amendments to forms relating to the SMCR. |
Consultation closes on 13 October 2020 |
| November 2019 FCA consultation paper (CP19/31) on extending the SMR to Benchmark Administrators |
June 2020 FCA policy statement (PS20/5) on extending the SMR to benchmark administrators who do not undertake any other regulated activities. |
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January 2019
FCA consultation paper (CP19/4) on optimising the SMCR and feedback to DP16/4 (overall responsibility and the legal function) |
July 2019
FCA policy statement (PS19/20) on optimising the SMCR – feedback to CP19/4 and final rules |
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October 2018
FCA (GC18/4): Proposed guidance on statements of responsibilities and responsibilities maps for FCA firms |
March 2019
FCA (FG19/2): on statements of responsibilities and responsibilities maps for FCA firms |
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September 2018
FCA consultation paper (CP18/26) on how the FCA propose to apply the SMCR to claims management companies |
March 2019
FCA policy statement (PS19/9) on applying the Senior Managers and Certification Regime to Claims Management Companies
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July 2018
FCA consultation paper (CP18/19): Introducing the Directory |
March 2019
FCA policy statement (PS19/7) on the Directory |
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December 2017
FCA consultation paper (CP17/40) on individual accountability: Transitioning FCA firms and individuals to the SMCR
FCA consultation paper (CP17/42) on the duty of responsibility for insurers and FCA solo-regulated firms |
July 2018 FCA policy statement (PS18/14): Extending the SMCR to FCA firms – feedback to CP17/25 and CP17/40, and near-final rules, with accompanying Guide for FCA solo-regulated firms FCA policy statement (PS18/16) with final guidance on the duty of responsibility for insurers and FCA solo-regulated firms |
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November 2017
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July 2018 FCA policy statement (PS18/18) on industry codes of conduct and discussion paper on FCA principle 5. Includes final criteria for recognising industry codes of conduct and guidance for individuals on meeting rule 5 of the Conduct Rules |
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July 2017 |
July 2018 |
