Peters & Peters

Partner Hannah Laming , Associate Craig Hogg and Legal Researcher Katie Jones discuss the extension to the Senior Manager and Certification Regime (SMCR) in the Law Society Gazette

On 9 December 2019, the SMCR was extended to authorised firms regulated solely by the FCA, replacing the former Approved Persons Regime. The SMCR is intended to protect consumers by strengthening market integrity through an enhanced governance, individual responsibility and accountability framework, comprising conduct rules and overlapping Senior Managers’ and Certified Persons’ regimes. Read more