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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