Who will manage the managers under the SMCR?
In a new article for Compliance Monitor, our Employment team outline firms responsibilities under the Senior Managers and Certification Regime (SCMR).
The Senior Managers and Certification Regime, which came into force on 7 March 2016, currently covers individuals working for UK banks and building societies including branches of foreign banks operating in the United Kingdom. For those persons it effectively replaced the ‘Approved Persons’ regime.
To read the article in full, please click here.
This article was written for Compliance Monitor. Follow them on Twitter.
Please note that this blog is provided for general information only. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content of this blog. Please also see a copy of our terms of use here in respect of our website which apply also to all of our blogs.
© 2025 Edwin Coe LLP