No longer in doubt, UK adviser directory gets go ahead
After concerns that client-facing advisers would be excluded from a financial services directory, the Financial Conduct Authority has confirmed that these roles will be included.
SMCR
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Revised UK managers regime to expose ‘reckless’ IFA firms
The Financial Conduct Authority’s extension of its Senior Managers Regime to almost all regulated companies in the UK will help weed out “reckless and criminal firms”, financial adviser support firm SimplyBiz Group said.
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Advisers and asset managers hit by FCA senior manager changes
Advice firms and asset managers will be brought under the FCA’s Senior Managers and Certification Regime (SMCR) from 2018, the watchdog has announced.
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Senior managers must be held more accountable, says HK regulator
Senior managers at financial firms must take greater accountability for corporate wrongdoing, according to a circular released by the Hong Kong Securities and Futures Commission (SFC).
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Senior Managers Regime comes into force in UK
The UK’s new senior managers regime, designed to hold bankers and insurance managers accountable for misconduct in areas under their responsibility, has come into force and will apply equally to officers of the Financial conduct Authority (FCA) and the Prudential Regulation Authority (PRA).