Skip to Primary Navigation

What you need to know about the Senior Managers and Certification Regime reforms

Dinner for merchants and bankers at Mansion House.
Photo: Oli Scarff – Pool/Getty Image

The FCA, PRA and HM Treasury have each issued consultations setting out reforms to the SMCR.

The package of measures are the latest regulatory proposals intended to reduce the regulatory burden on firms and support the UK government’s financial services growth strategy.

The reform of the regime is unsurprising, given that the Chancellor committed in last year’s Mansion House speech to consulting on the removal of

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience