Heather Tilston of The London Institute of Banking & Finance recently spoke to Edwin Coe about the FCA’s expectations of solo-regulated firms during the Coronavirus and her views on what advisers need to think about, particularly in the current circumstances.
9 December 2020 will mark one year since the SM&CR (Senior Managers and Certification Regime) replaced the Approved Persons Regime for solo-regulated firms. It’s also the deadline for those firms to submit a list of certified individuals to the FCA. So what should firms be doing now, how does the current coronavirus pandemic affect things and what do they need to consider?
The aim of the Senior Managers and Certification Regime (SM&CR) is to ‘reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct and competence’ according to the FCA.
Read the full article on the LIBF’s Insights web page.