FCA outlines proposals to extend the Senior Managers and Certification Regime to all financial services firms

FCA outlines proposals to extend the Senior Managers and Certification Regime to all financial services firms

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FCA outlines proposals to extend the Senior Managers and Certification Regime to all financial services firms

The Financial Conduct Authority (FCA) has unveiled proposals to extend the Senior Managers and Certification Regime (SM&CR) to nearly all regulated financial services firms in the UK. This regulatory shift aims to reduce consumer harm and bolster market integrity by replacing institutional-level oversight with a framework of individual accountability.

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