We have extended the Senior Managers and Certification Regime (SM&CR) to around 47,000 firms from today, including senior managers and certification staff in those firms. The SM&CR already applies to the banking and insurance sectors and today’s extension is a key step to creating a culture across financial services where individuals step forward and take accountability for their own actions and competence.
https://www.fca.org.uk/news/news-sto...me-47000-firms
https://www.fca.org.uk/news/news-sto...me-47000-firms