Extension of the Senior Managers and Certification Regime: Operational aspects

The FCA and PRA are continuing to lay the foundations for the extension of the Senior Managers and Certification Regime (SMCR). During 2018, all regulated firms will need to start preparing for the new rules to take effect. In this note we consider the latest round of consultations in which the regulators set out their proposals for the operational aspects of extending the SMCR.