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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