SMCR

In March 2016 the FCA and PRA introduced the Senior Managers and Certification Regime (SMR).

This was to address the issues of accountability within the Financial Sector.

Consequently, this regulation has resulted in unforeseen Business and IT challenges within the financial services industry.

Key Dates

7th March 2017

Deadline for firms to issue certificates for individuals falling within the Certification Regime (Banking Reform Act, Section 29)

7th March 2017

Date from which the conduct rules apply to staff who are not within the SMR or CR.

2018

SMR and CR expected to be extended to all FMSA authorised firms.

infoFINIUM Features


Automated Workflows


Share Workloads


Workflow Scheduling


Mobile Interfaces


Mobile Document Viewer


Secure Central Repository


Role Based Access


Personalised Dashboards


Document Version Control


Audit Tracking Notifications