SMCR – learning lessons from banks

The Senior Managers and Certification Regime (SMCR) will demand operational and cultural changes in many firms. Here’s how wealth managers and financial planners can benefit from lessons learnt by banks that have implemented SMCR already
by Paul Bryant

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Banks were the first institutions required to adopt the Senior Managers and Certification Regime (SMCR), which came into force for them in March 2016. On 9 December 2019, it goes live for ‘solo-regulated’ firms, including asset managers, wealth managers and financial planners. SMCR replaces the Approved Persons Regime (APR). 
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Published: 12 Mar 2019
Categories:
  • Financial Planning
  • Wealth Management
  • Operations
  • The Review
  • Compliance, Regulation & Risk
Tags:
  • featured
  • wealth management
  • SMCR
  • Regulation
  • financial planning
  • FCA
  • compliance
  • banks
  • asset management

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