SMCR - extension: Future developments

 

Date	Development	Comment
2018
04 July	FCA publishes “near-final” rules re Extension of Senior Managers & Certification Regime in FCA Policy Statement 18/14.
10 December	Extension of SMCR to commence for insurers.
2019
09 December	Extension of SMCR to commence for all FCA solo-regulated firms.
2020
09 December	End of 12 month transitional period for firms to complete initial certification process and train all other staff.

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