SMCR: the new era of increased individual accountability

Seminar

February 7, 2018

The partners of the Norton Rose Fulbright LLP financial services team invite you to their latest breakfast briefing.

Our breakfast briefings provide insight, practical knowledge and information, and act as a forum for sharing views and advice.

The briefings are likely to be of particular value to senior and middle management within financial institutions with responsibility for compliance, capital markets, investment management, legal, risk and trading.

Programme

The FCA sees personal accountability as fundamental to the future of financial services. The Senior Managers, Certification and Conduct Regime (SMCR) represents a significant change to firms’ culture and conduct and the march towards implementation is well and truly on. In December 2017 the FCA issued a technical consultation on how the ‘conversion’ from the Approved Persons Regime to the SMCR will occur for non-bank financial services firms. It is expected that the FCA will publish its final rules for the SMCR during the summer of 2018. Implementation is proposed to be conducted in phases/stages for different sectors, starting from 2019.

The session will include:

  • New world for non-bank financial services firms
  • Learnings from the bank SMCR
  • The SMCR and in-house legal counsel: our view of this difficult issue
  • Managing your SMCR implementation project
  • The Brexit shadow: how does Brexit impact all this?

Accreditation

The briefings count towards SRA continuing competence. There is no charge for attending.

Webcast

The briefings will be recorded via webcast and are available after the briefing.

For further information please email: financial.services@nortonrosefulbright.com

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