In an article for the June/July issue of Financial World, our Employment team explain how the new Financial Services Directory will work and why, while it is good news for the public, it will be an added burden for firms.

Since the heady days of the introduction of the Financial Services and Markets Act (FSMA) in 2000, there has been a public record of regulated firms and approved persons. But the inception of the Senior Managers and Certification Regime (SM&CR), in March 2016, brought with it a wholesale change to the way individuals are approved and regulated, That is why the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) now herald the “new” Financial Services Directory…

To read the article in full, please click here.

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