Extending the Senior Managers’ Regime

Seminar

July 4, 2018

The partners of the Norton Rose Fulbright LLP financial services team invite you to their latest breakfast briefing.

Our breakfast briefings provide insight, practical knowledge and information, and act as a forum for sharing views and advice.

The briefings are likely to be of particular value to senior and middle management within financial institutions with responsibility for compliance, capital markets, investment management, legal, risk and trading.

Programme

In May 2016 Parliament made the necessary legislative changes to extend the senior managers and certification regime (SM&CR) to the wider financial services community (approximately 47,000 firms) and empower the FCA to make relevant rules. Following a series of consultations in 2017/18 the FCA is expected to publish its final rules on extending the SM&CR this summer, with implementation to follow later. The FCA has indicated that it considers the SM&CR to be evolution, not revolution. Already, firms in the banking sector have reported greater collaboration and a positive shift in culture as a result of the SM&CR’s implementation. Firms that will fall within the scope of the extended SM&CR can learn from their experience and begin nurturing this culture as well as revising and updating practices in line with FCA expectations.

  • The FCA’s final rules examined
  • The FCA’s thinking on proportionality
  • The banking sector’s experience with the regime
  • Approaching your implementation projects: Our SMR Toolkit.

Accreditation

The briefings count towards SRA continuing competence. There is no charge for attending.

Webcast

The briefings will be recorded via webcast and are available after the briefing.

For further information please email: financial.services@nortonrosefulbright.com

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