Accountability standards questions remain as SMCR comes into force

New guidelines introduced at the start of December

Mike Sheen
clock
MCR aims to strengthen market integrity by making individuals more accountable for their conduct
Image:

MCR aims to strengthen market integrity by making individuals more accountable for their conduct

There are still questions over how the Financial Conduct Authority (FCA) will regulate key aspects of the Senior Managers & Certification Regime (SMCR), such as senior management "accountability", as the requirements come into force for all asset and wealth managers, according to legal experts.

Applicable to the asset and wealth management sector as of today (9 December), SMCR introduces new administrative, regulatory and conduct requirements that banks and other large financial institutions...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Biotech funding 'off the charts'

Biotech and healthcare investors hope for rebound following weak 2021

Targeting long-term structural changes

clock 21 January 2022 • 5 min read
The proportion of retail sales online has risen to 26.6%
UK

UK retail sales plummet in December as Omicron sweeps nation

Six times greater than predicted

clock 21 January 2022 • 1 min read
Market Movers Blog: Netflix stock price tumbles by 20%

Market Movers Blog: Netflix stock price tumbles by 20% on low subscriber projections

Latest news and analysis

Investment Week
clock 21 January 2022 • 1 min read
Trustpilot