FCA and PRA launch discussion paper on SMCR Regime

Regulatory Updates | 03/04/23

The FCA and PRA have launched a joint discussion paper on the review of the Senior Managers and Certification Regime (SMCR). The two regulators are seeking views on the effectiveness, scope and proportionality of the regime. In parallel to this, the Treasury has also launched a Call for Input, seeking feedback on the SM&CR. The FCA and PRA discussion period ends on 1st June 2023.

Source: FCA