London Governance & Compliance Academy
Introduced in the UK from 2016 by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), the Senior Managers and Certification Regime (SM&CR) is a regulatory framework designed to enhance the accountability and conduct of individuals working in the financial services industry. SM&CR replaced the Approved Persons Regime (APR) that applied to certain […]
The financial services industry is one of the most heavily regulated industries in the UK. This is because of the amount of money that is involved and the potential for harm to customers if the rules are not followed. As such, it is essential that employees in this sector understand the conduct rules that they […]
In an interesting article published by the UK’s Financial Conduct Authority (FCA), the country’s regulatory authority recommends that authorised and registered firms develop compliance and AML leaders “who are suitably competent and capable of effectively performing the roles.”
