Insights & Publications
Diversity & Inclusion
© 2020 Debevoise & Plimpton LLP
UK Financial Conduct Authority Publishes Details on Extension of Senior Managers and Certification Regime
18 December 2017
View Client Update
The UK Financial Conduct Authority has issued consultation papers providing details on its extension of the Senior Managers and Certification Regime (SMCR) to almost all UK regulated financial services firms. We expect insurers to have to implement the SMCR by late 2018, and other firms by mid to late 2019.
In general, individuals approved under the current regime will automatically become senior managers under the SMCR where there is a corresponding senior management function. A number of approved individuals will no longer require regulatory approval under the SMCR.
White Collar & Regulatory Defense
Private Equity Firms and Funds
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review