Liquidity premium and Senior Managers and Certification Regime: Difference between pages
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''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). | |||
[[Category: | ==See also== | ||
*[[Financial Conduct Authority]] | |||
*[[FSMA]] | |||
*[[Prudential Regulation Authority]] | |||
[[Category:Self_management_and_accountability]] | |||
[[Category:Financial_management]] | |||
[[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).
