Senior Managers and Certification Regime: Difference between revisions

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*[[FSMA]]
*[[FSMA]]
*[[Prudential Regulation Authority]]
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[[Category:Financial_management]]
[[Category:Financial_management]]
[[Category:Ethics_and_corporate_governance]]
[[Category:Ethics_and_corporate_governance]]

Revision as of 17:14, 5 July 2022

UK financial markets regulation.

(SM&CR).

The Senior Managers and Certification Regime 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).


See also