The Financial Conduct Authority’s (FCA) plans for transitioning firms and individuals to the Senior Manager’s and Certification Regime (SMCR)
Following the FCA’s announcement in July 2017 to extend the SMCR to include all FSMA firms, the FCA and PRA released a second set of consultation papers on 13th December.
These papers provide more information on how firms will transfer to the new SMCR and, crucially for firms, more information on the likely timeline to implementation.
View our briefing note which explains the FCA’s transition plans and outlines four key actions firms can take now in preparation for implementation.
© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.