From 9 December, the Senior Managers & Certification Regime (SMCR) that has applied to banks and insurers since 2016, will be extended to apply to the wider financial services sector.
Under the extended regime firms will be classified, depending on their complexity and risk, into three categories: • Enhanced, which will apply to the most significant firms, and applies extra rules...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective