Episode 04: How to successfully implement change in your legal department
Implementing change can be challenging, especially when some people are resistant to new ways of working.
From December 9, 2019, the Senior Managers and Certification Regime (SMCR) will be extended to cover FCA solo-regulated firms and as such large asset managers, mortgage providers and investment firms. The new regime will have an impact on all areas of HR, including hiring, the terms of contracts, appraisals, references and disciplinary procedures.
Employers should therefore review and update the
The Norton Rose Fulbright employment team has assisted many clients with SMCR implementation. We can provide training on the new rules and give advice and guidance on changes to your existing documentation, processes and procedures.
On June 22, 2022 the Financial Reporting Council (FRC) published a consultation document seeking views on publicly available audit quality indicators (AQIs) to drive audit quality improvements.
A number of enforcement actions taken by regulators around the world have been a reminder for financial institutions that board involvement in, and appropriate oversight of, anti-money laundering/countering the financing of terrorism (AML/CFT) compliance programmes is critical.
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