The Senior Managers and Certification Regime (SM&CR) replaces the current Approved Persons Regime, changing how people working in financial services are regulated. The Steeleye platform is SM&CR ready when you are.
The aim of the Senior Managers and Certification Regime (SM&CR) is to reduce harm to consumers and strengthen market integrity by making individuals more accountable for their conduct and competence.
As part of this, the SM&CR aims to:
- Encourage a culture of staff at all levels taking personal responsibility for their actions
- Make sure firms and staff clearly understand and can demonstrate where responsibility lies.
Ensuring compliance with the SMCR regime continues to be a pressing issue for many firms.