On November 23, the UK’s Financial Conduct Authority (FCA) updated its webpage confirming that data on certified and assessed persons (Directory Persons) submitted by dual-regulated firms under the Senior Managers and Certification Regime (SM&CR) is now live on the Financial Services Register (FS Register) (the Webpage).
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Solo-Regulated Firms
FCA Extends SM&CR Deadlines and Confirms Publication Dates for SM&CR Directory Person Data
Posted in Financial Markets, UK Developments
On October 28, the UK’s Financial Conduct Authority (FCA) published a policy statement on the extension of implementation deadlines for solo-regulated firms under the Senior Managers and Certification Regime (SM&CR) regarding the certification regime and conduct rules (the Policy Statement).
The deadlines extended in the Policy Statement from December 9, 2020 to March 31, 2021 by the FCA include:
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FCA Statement on Extending SM&CR Implementation Periods
Posted in Financial Markets, UK Developments
On June 30, the UK Financial Conduct Authority (FCA) published a statement on an extension to the Senior Managers & Certification Regime (SM&CR) implementation periods for solo regulated firms (the Statement).
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FCA Statement on Modification by Consent in Relation to SM&CR
Posted in Financial Markets, UK Developments
On May 6, the Financial Conduct Authority (FCA) published a statement on the modification by consent (the Modification) in relation to the Senior Managers and Certification Regime (SM&CR) to extend the maximum period firms can arrange cover for absent senior managers as a result of the COVID-19 pandemic (the Statement).
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FCA Statement on Expectations of Solo-Regulated Firms
Posted in Financial Markets, UK Developments
On April 3 the UK’s Financial Conduct Authority (FCA) published a statement setting out its expectations for solo-regulated firms applying the Senior Managers and Certification Regime (SM&CR) during the COVID-19 pandemic (the Statement).
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FCA Publishes Policy Statement on New Financial Services Directory
Posted in Financial Markets, UK Developments
On March 8, the UK Financial Conduct Authority (FCA) published a policy statement on a new directory of financial services workers (Directory). This follows the FCA’s proposals to introduce the Directory and amend the existing financial services register (FS Register) in its consultation paper of July 2018 (as reported in the Corporate & Financial Weekly Digest edition of July 13, 2018).
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