News & Analysis as of

Senior Managers Financial Regulatory Reform

A&O Shearman

UK regulatory reform: Emphasising individual accountability through remuneration

A&O Shearman on

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) are considering ways to enhance individual accountability, particularly among Senior Managers, by more fully integrating the regulatory...more

Goodwin

The 2024 Mansion House Speech: Points for Private Fund Managers

Goodwin on

On 14 November 2024, Chancellor Rachel Reeves delivered her inaugural Mansion House 2024 speech, announcing a collection of reforms designed to drive growth and competitiveness in the financial services sector....more

A&O Shearman

UK FCA and PRA proposals for improving D&I: Senior Manager responsibility and oversight

A&O Shearman on

The latest proposals for improving diversity and inclusion in the UK financial services sector, published by the Financial Conduct Authority and Prudential Regulation Authority, include changes that will impact Senior Manager...more

A&O Shearman

DI in FS - senior management responsibilities and oversight

A&O Shearman on

The Financial Conduct Authority (FCA) and Prudential Regulation Authority’s (PRA) recent proposals demonstrate a divergence in approach when it comes to individual accountability and expectations of senior management in...more

Hogan Lovells

SMCR Directory of certified and assessed persons – have you submitted your data?

Hogan Lovells on

The Financial Conduct Authority (FCA) is contacting thousands of firms across various sectors that appear to have missed the 31 March 2021 deadline for submitting “Directory person” data. ...more

A&O Shearman

The UK’s Expanded Senior Managers and Certification Regime: Key Issues and Action Plan for Brokers, Advisers and Asset Managers

A&O Shearman on

The expanded Senior Managers and Certification Regime (SM&CR), which comes into force on December 9, 2019, extends the framework regulating individuals charged with running certain financial institutions. The Banking SM&CR,...more

Troutman Pepper Locke

New Risks - the New Senior Manager and Senior Insurance Manager Regimes

Troutman Pepper Locke on

From 7th March 2016 (and 1st January for insurers), a new regulatory financial services regime will be in place in the United Kingdom. The new regime is significant; it is intended to make it far easier for UK regulators; the...more

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