'Child of the financial crisis': Pressure points for firms following FCA's SM&CR extension

Experts respond

Mike Sheen
clock • 4 min read

Regulatory experts have welcomed the Financial Conduct Authority's (FCA) proportionality-driven proposals for the extension of the Senior Managers and Certification Regime (SM&CR) to nearly all regulated firms, including asset and wealth managers, but warn those impacted now face a number of compliance challenges.

To continue reading this article...

Join Investment Week for free

  • 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

FCA considers trail commission future as it consults on simplified advice

FCA considers trail commission future as it consults on simplified advice

Follows targeted support work

Jen Frost
clock 25 March 2026 • 2 min read
FCA looks to drop annual suitability review requirement for ongoing advice services

FCA looks to drop annual suitability review requirement for ongoing advice services

‘Periodic’ assessments instead

Isabel Baxter
clock 25 March 2026 • 2 min read
FE fundinfo adds UK CCI tool to Nexus platform

FE fundinfo adds UK CCI tool to Nexus platform

14-month transition period

clock 24 March 2026 • 1 min read
Trustpilot