The first phase of the Senior Managers’ and Certification Regime (SM&CR) was introduced for about 900 banks and deposit takers in March 2016. On 9 December 2019, the FCA is extending this regime to over 47,000 other firms. The basic principle of the SM&CR is that of responsibility and accountability, it is the antidote to decision-making by default. Firms will need to make changes to their compliance and HR systems and procedures if they are to comply with the rules by the deadline.

In this extended briefing we are joined by David Blunt (Head of Conduct Specialists Department, FCA) who will discuss the purpose of the SM&CR and how it’s really important to prepare for the new regime, ensuing that it is embedded into firms’ DNA as a business as usual process. Breakout sessions will follow involving colleagues from our employment law and compliance teams.

For more information on this extended briefing, and to register, please click here.