The Senior Managers and Certification Regime will undergo its final extension to all solo regulated* firms in December. We are working on a guide and other materials to assist firms.
Meantime, the FCA has published a video that you might find helpful.
The video can be accessed here.
* A solo regulated firm is a firm that is regulated only by the FCA (and not also by the PRA).
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Although SM&CR for solo regulated firms does not commence until December, firms will benefit from doing some preparation in the coming months. This video might be of interest.
We are working on some materials and tools that will help firms prepare for SM&CR. Watch this space.
For information.
Yet another switch has been found wanting at the FOS.
Will you be ready for the SM&CR review when it comes?
A sea change of focus hidden in a subtle change of terminology.
You are probably familiar with the concept of a target market under PROD rules. What about the negative target market?
Pension Transfers – need to consider a workplace pension
Alistair MacDougall Compliance 2020, Mortgage, Pension, Pension Transfer
Firms providing pension transfer advice must consider an available workplace pension as a destination for any transfer.