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.


See also