The Senior Manager and Certification Regime (SM&CR) applies to almost every UK solo-regulated firm, from very small firms (including sole traders and limited permission consumer credit firms) to some of the largest global firms.
The FCA has released what it calls an ‘explainer video’ to aid firms with implementation of the Certification Regime and the Conduct Rules ahead of the deadline on 31 March 2021.
You can view the short video here.
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The FCA has issued another alert aimed at firms advising on pension transfers or switches into SIPPs to accommodate non-mainstream investments.
Are you communicating clearly?
The changes outlined in the FCA’s Mortgage Market Review come into being on 26th April. This article acts as a reminder to firms of the changes. Please ensure that the updated processes and documents are now in place.
The Transition from Pre-RDR to Post-RDR Unit Classes
Steve Bailey Compliance 2016, FCA, Switch
Changing customers to post-RDR unit classes – important guidance.