l IFAs Seeking Outside Help on SMCR | SMCR Compliance

IFAs seeking outside help and guidance on SM&CR

Share this      

Two thirds of IFAs plan to seek outside help and guidance ahead of December’s deadline.

IFAs want to fully understand their duty of responsibility under the upcoming Senior Managers and Certification Regime, research shows.

Two thirds of IFAs who attended the firm’s recent workshops admitted they’ll still be looking for outside help and guidance before finalising training support or materials ahead of December’s deadline. Alongside new responsibilities, advisers want to know what the ‘reasonable steps’ discussed by the FCA could look like in practice, what training would be required, and a further explanation of the code of conduct rules.