March is almost here and Spring is in the air. So probably the last thing you are thinking about is whether you and your firm are ready for the Senior Managers and Certification Regime?
However, the deadline for full implementation is 31 March 2021, deferred from 9 December 2020, and only a matter of weeks away.
Submit now!
You will need to have certified all relevant staff and delivered Conduct Rules training to all those who haven’t yet received it. Don’t delay and wait until the deadline of 31 March. Acting now will ensure there is enough time to ask questions and make sure the data you submit is correct.
You must submit your Directory Persons data, via Connect, by 31 March 2021 but the FCA recommends that, if you are able to do so, you should submit sooner. The FCA will incrementally display data as they receive it.
It is also important that you don’t wait until 31 March to remove staff who are not fit and proper from certified roles.
If you are unsure whether you or your firm are affected or what steps you need to take now, there is further detail on the FCA website, including a user guide for firms and a SM&CR podcast.
Consumer Duty – FCA Live and Local events
Richard Foster Compliance EBI, FCA, Mortgage, Register
The FCA have advised they will be hosting a series of Live and Local events across the United Kingdom on the Consumer Duty from 21 February 2023 to 15 June 2023. Aimed at small and medium sized firms, the events will focus on the Retail Investment and Mortgage sectors and compliance consultants are also […]