l IFAs Unsure Over Senior Managers Regime | SMCR Compliance

IFAs still unsure over Senior Managers Regime support

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Two thirds of IFAs have said they will still be looking for outside help and guidance before getting ready for December’s Senior Managers and Certification Regime deadline.

When the new rules come into play, top level staff will have to produce statements of responsibility for the elements of business they are in charge of, and ensure the competence of more junior staff on an annual basis. “The needs of every financial services business differs, so it’s vital firms take time now to understand the work required to ensure a plan for the new regulation is on track.”