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Private Equity and Fund Managers Briefing

The Senior Managers and Certification Regime

If 2018 was the year of GDPR, 2019 is the year of another four-letter acronym: SMCR (the Senior Managers and Certification Regime). By December, FCA-authorised firms including private equity houses, fund managers and regulated advisers need to identify which individuals have what management responsibilities within their firm, document their responsibilities and ensure that both those people and other staff in their organisation comply with new regulatory requirements, including FCA-prescribed conduct rules. Significant time and resource needs to be dedicated to prepare for the December 2019 deadline.

Our briefing gives a quick and practical overview of the SMCR for private equity firms and fund managers. Continue reading to download our guide and click here for contact details of our Financial Regulation and Employment and Incentives teams.

Seven issues to consider