SMCR - extension: Future developments

 

Date Development Comment
2018    
21 February 2018 Consultations close on (i) CP 17/40 (Individual Accountability: Transitioning FCA firms and individuals to the Senior Managers & Certification Regime) and (ii) CP 17/42 (The Duty of Responsibility for insurers and FCA solo-regulated firms.)  
Summer 2018 FCA to publish final rules on extension of SMCR in Policy Statements.  
2019    
Mid-to-late 2019
 Phased implementation of SMCR to all FCA solo-regulated firms expected to commence.  

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