Senior Managers and Certification Regime

UK financial markets regulation

(SM&CR).

The SM&CR regulates individuals working in financial services.

The aim of the SM&CR is to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct and competence by:

• Encouraging a culture of staff at all levels taking personal responsibility for their actions; and
• Making sure firms and staff clearly understand and can demonstrate where responsibility lies.

See also

• Financial Conduct Authority
• FSMA