In March 2016 the first tranche of Senior Managers Regime ‘SMR’ for Banks and the Senior Insurance Managers Regime SIMR, for Insurance firms came into force. Both are key components to holding individuals within financial services to account and are designed to address the lack of trust in the Financial Services Sector following the 2008-2009 financial crisis.
The FCA have confirmed that the reset of the industry will be subject to the Senior Managers and imbedded Certification Regime ‘CR’ by March 2018 as a replacement of the current Approved Persons regime.
Attending this one day course will give you an overview of what the regulator requires of senior managers and what this means to the firm as a whole. Learn about key considerations and actions, what needs to be done and the responsibilities to be adopted by those of significant influence within your firm.