Regulatory Oversight, UK, Senior Managers

FAQs on Proposed Reforms to the UK Senior Managers and Certification Regime

Mayer Brown on 7/23/2025

The Senior Managers & Certification Regime ("SM&CR") has been a cornerstone of the UK’s individual accountability regulatory framework for banks, insurers and other regulated firms since its introduction in the wake of the...more

UK Regulatory Changes on the Horizon? FCA, PRA, Treasury Launch Review of SMCR

Morgan Lewis on 4/20/2023

The UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published a discussion paper on 30 March 2023 seeking opinions on the Senior Managers and Certification Regime (SMCR). Concurrently, the UK...more

Banking Standards Board Publishes Good Practice Guidance on Regulatory References

A&O Shearman on 9/16/2019

The Banking Standards Board has published a statement of good practice for firms when providing and requesting regulatory references in accordance with the Senior Managers and Certification Regime. The SM&CR for banks and...more

UK: The FCA and the PRA have released near final rules on the Senior Managers and Certification Regime

Hogan Lovells on 7/5/2018

On 4 July 2018, the FCA and the PRA released near final rules on the extension of the Senior Managers and Certification Regime (SMCR)....more

UK: HM Treasury announces date on which SM&CR will apply to insurers

Hogan Lovells on 2/1/2018

On 29 January 2018, HM Treasury announced that the Senior Managers & Certification Regime (the “SM&CR”) will apply to insurers from 10 December 2018. This means that insurers have less than a year to ensure compliance with...more

Corporate Insurance Newsletter – December 2017

Hogan Lovells on 1/2/2018

The Hogan Lovells’ Corporate Insurance Newsletter for December has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. ...more