Senior Managers and Certification Regime: Difference between revisions
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imported>Doug Williamson (Create page. Source: FCA webpage https://www.fca.org.uk/publications/consultation-papers/cp17-25-individual-accountability-extending-smcr) |
imported>Doug Williamson (Standardise heading.) |
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''UK financial markets regulation'' | ''UK financial markets regulation''. | ||
(SM&CR). | (SM&CR). | ||
Revision as of 20:48, 1 December 2017
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.
