FCA proposes new Directory of financial services workers

Regulatory Updates | 05/07/18

The Directory will include all those who hold Senior Manager positions requiring FCA approval and those whose roles require firms to certify that they are fit and proper. This includes those in consumer-facing roles, such as mortgage and investment advisers.

The FCA is also publishing the near final rules on the extension of the Senior Managers and Certification Regime (SM&CR) to almost all regulated firms. Firms can now access the Guides to the SM&CR to understand what steps they need to take to prepare for its implementation.