Senior Managers and Certification Regime: Difference between revisions
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imported>Doug Williamson m (Categorise.) |
imported>Doug Williamson (Expand for Prudential Regulation Authority.) |
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*Encouraging a culture of staff at all levels taking personal responsibility for their actions; and | *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. | *Making sure firms and staff clearly understand and can demonstrate where responsibility lies. | ||
The SM&CR applies to firms regulated by the Financial Conduct Authority (FCA) and firms regulated both by the FCA and the Prudential Regulation Authority (PRA). | |||
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*[[Financial Conduct Authority]] | *[[Financial Conduct Authority]] | ||
*[[FSMA]] | *[[FSMA]] | ||
*[[Prudential Regulation Authority]] | |||
[[Category:Self_management_and_accountability]] | [[Category:Self_management_and_accountability]] | ||
[[Category:Financial_management]] | [[Category:Financial_management]] | ||
[[Category:Ethics_and_corporate_governance]] | [[Category:Ethics_and_corporate_governance]] | ||
Revision as of 11:37, 2 May 2018
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.
The SM&CR applies to firms regulated by the Financial Conduct Authority (FCA) and firms regulated both by the FCA and the Prudential Regulation Authority (PRA).
