United Kingdom | Publication | August 2019
The Senior Managers and Certification Regime (SMCR), which has been in force for local, EEA and third country banks operating in/into the UK since March 2016, will be extended to cover all FCA solo-regulated financial firms on December 9, 2019.
The SMCR represents a significant change to the expectations of firms’ culture and conduct, and seeks to ensure greater individual accountability is embedded, and conduct standards are raised, in firms operating across the UK financial services industry.
Our SMCR hub has been created on the NRF Institute to provide a comprehensive understanding of the new expectations for anyone preparing for, and needing to comply with, the new regime. The hub provides access to briefings, videos, events, and blog posts, as well as our SMCR toolkit.
To request access to the SMCR hub, please register to join NRF Institute.
Registration indicates acceptance of the terms and conditions which include important information about how our product will be delivered.
Members of NRF Institute can access a range of premium content including knowledge hubs and cross-border guides.
Publication
Most incidents handled by our Norton Rose Fulbright cyber team originate from the customer’s service provider. In many cases it is the service provider’s systems, infrastructure and environment which proves to be the most vulnerable to cyber breaches and security issues.
Publication
On June 26, Bill C-5, the One Canadian Economy Act, received royal assent. The One Canadian Economy Act introduces two pieces of legislation aimed at bolstering economic development in Canada.
Publication
In this edition we report on the Law Commission’s interim statement on 1954 Act reform following its two November consultations. We then examine the facts, judgments and implications of 3 recent cases: Emily Colville comments on the progress of a case determining whether or not a roof top garden should be considered a “storey” for the purposes of the Building Safety Act 2022.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2025