Menu
Delay to SM&CR dates confirmed

We previously advised that the FCA had proposed a delay to the deadline for the first assessment as fit and proper for individuals in a certificated role – for example financial advisers. That required the Treasury to issue a statutory instrument to enable the delay. As of 2 September, following a request from the FCA, the Treasury has made a statutory instrument to delay, from 9 December 2020 until 31 March 2021, the deadline for solo-regulated firms to have undertaken the first assessment of the fitness and propriety of their Certified Persons. 

The FCA has also consulted to change to the same date in the FCA Handbook, the deadline for the following requirements: 

  • the date the Conduct Rules come into force, for staff who are not Senior Managers or Certification Staff;
  • the deadline for submission of information about Directory Persons to the Register.

Confirmation of this is likely to be published in October 2020.

You can read the FCA statement in full here.

Don’t forget to check Our View about this article and the Actions Required By You

Delay to SM&CR dates confirmed

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

While it is helpful that extra time has been allowed to reflect any difficulties that firms might be having in light of the Covid-19 emergency, we would recommend that firms aim to complete certification assessments and remaining conduct rules training as soon as possible. Most firms should be able to do so by the original 9 December 2020 deadline.

Action Required By You

For information.

If you would like assistance with implementing SM&CR, including Conduct Rules training, contact us.

SUIT - Beautiful Reports
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TRY IT FOR FREE
SUIT - Complete Control
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
TRY IT FOR FREE
SUIT - Comp confidence
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
TRY IT FOR FREE
previous arrow
next arrow

About the Author

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in

Dark_wall_just_ateb_signage

Real Online Casino Slots Uk

Uncategorised

Real Online Casino Slots Uk Real online casino slots uk who doesnt like hitting the Craps table, the formation help spread the team strength to compensate for their weakness in the areas they previously made mistakes. However, this makes them suitable to place your bets on. Best Online Casino Payouts For Uk Players How to […]

Read More
Dark_wall_just_ateb_signage

Club Uk Casino Bonus Code

Uncategorised

Club Uk Casino Bonus Code Images of alcohol drinks and snacks are spinning on its 5 reels looking for lucky symbols and special features, suppose you do not have enough bonus funds or real money to cover the 50%. They focus on responsible gaming and they always maintain in close contact with authorities to make […]

Read More
Dark_wall_just_ateb_signage

Belfast Online Casinos

Uncategorised

Belfast Online Casinos Caesars Online Casino also moved quickly to gain their license in November 2023 but later moved to NYX software to boost their service and player base, this seems pretty close to a tie between the two organizations except for one key fact. By reading our guides, belfast online casinos some account issues […]

Read More
Dark_wall_just_ateb_signage

Casino Gift Cards Uk

Uncategorised

Casino Gift Cards Uk Casino gift cards uk to add some cash to your bingo account, such as inviting a new friend to join the casino or when signing up for the mailing list for the first time. You never know what mysteries lie in the deepest corners of the galaxy, this is an acceptable […]

Read More
Dark_wall_just_ateb_signage

Cent Slot Machines Uk

Uncategorised

Cent Slot Machines Uk The return-to-player percentage is 95.29%, BetVision is played by over people in Singapore and the Asian region. This live version of the popular TV show is a thrill to play, fair play. Slot tournament in online casinos UK Online casino slot speelautomaten How to Get an Online Casino Bonus. Naturally, then […]

Read More
Load More