Three ways to get ahead of FCA agenda this year
Knowing what’s on the horizon puts firms in a good position to handle any unforeseen crises
By David Boyhan 4
th February 2021 10:42 am
With the chaos caused by the Covid-19 pandemic following us into 2021, compounded by issues like Brexit, it looks set to be another tumultuous year. And if 2020 taught us anything, it is that you can never be too prepared.
Knowing what’s on the regulatory horizon and getting ahead on key changes like the Senior Managers and Certification Regime puts your business in an advantageous position to handle any unforeseen crises. Here are some tips on how advisers can prepare themselves.
FCA register down with technical issues
By Sonia Rach 1
The FCA’s register is down yet again and currently unavailable due to technical issues.
A tweet from the regulator this afternoon explained the register it is not accessible at present.
There is also a note on the FCA’s website about the issue.
The regulator says it is “working to restore the Register as quickly as possible.”
The Register is currently unavailable due to technical issues that are being investigated. We are working to restore the Register as quickly as possible. https://t.co/KnbTQi1eeZ
Simmons & Simmons launches on PartnerVine
ZURICH, Feb. 2, 2021 /PRNewswire/ Simmons & Simmons LLP ( Simmons ) launched on PartnerVine today. Simmons is starting with SMCR Academy, an e-learning solution that helps asset management firms in the UK meet their training requirements for the Financial Conduct Authority s (FCA) Senior Managers & Certification Regime (SMCR). We re really excited to be launching the SMCR Academy on PartnerVine, says Lee Curtis, head of Sales at Simmons, Our products will be a good fit for the platform s passionate community of users. Given the impending deadline requires solo-regulated firms to have trained all conduct staff by 31 March, we believe that this solution is of clear value to the asset management industry.
Given the lack of regulatory action against senior managers by the Financial Conduct Authority (FCA), the analysis of individual accountability in the context of the Senior Managers and.
No change to SMCR requirements despite organisational restructurings
Remote-first firms must continue to comply with FCA regime despite changes in company processes by Leanna Reeves - January 26, 2021
Market participants are urging firms to continue to comply with the FCA’s Senior Managers and Certification Regime (SMCR) whilst switching to remote working, particularly as reduced monitoring from the regulator could cause further risks of misconduct.
The SMCR – which aims to hold individuals within regulated firms accountable for their conduct and competence – is bound to be affected by remote working habits. The increasing usage of applications such as Whatsapp, for instance, are more difficult to monitor, according to the regulator.