Page 38 - Certification Regime News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: The Prudential Regulation Authority (“PRA”), in December 2020, published a report following an evaluation of whether the Senior Managers and Certification Regime (“SMCR”) is meeting its original aims. The report includes PRA observations on how firms have implemented the SMCR and, although the PRA does not suggest radical changes to the regime, here we set out practical considerations on some of the key points made. Recruitment and diversity PRA finds that senior management teams should have diverse skills and experience, no...

  The financial year to 31 December 2020 has been a very challenging period, during which the COVID-19 pandemic and the protective measures that were subsequently introduced, have had a significant impact on the economy, whilst also affecting the personal and working lives of most people. This global health crisis has had a wide reaching impact across our society and the thoughts of the Directors are with all of those who have been affected.   Against this economic backdrop, it is encouraging to report on the positive progress that has been achieved by your Company, with NAV total return at...

To embed, copy and paste the code into your website or blog: Five years ago, on 7 March 2016, the Senior Managers and Certification Regime (SMCR) came into force. At first it applied only to dual-regulated banks, those which are regulated both by the FCA and PRA. The regime has since been extended to dual-regulated insurers and on 9 December 2019 it started applying to most solo-regulated firms. A product of the financial crisis, the SMCR was aimed at increasing both responsibility and accountability within the professional financial services sector. To a large degree, it was intended as an e...

Leader: Diversity – The FCA is watching you By Justin Cash 11 th March 2021 11:26 am Happy belated International Women’s Day, everyone. We went to press the day after the big day and, in an amazing spot of fortune, this year’s event coincides with our own Wonder Woman, Katey Pigden, being appointed as the new editor of Money Marketing. As I prepare to move on to pastures new, I have every confidence that Katey will lead the magazine into an even brighter future, one that includes moving these pages from a weekly to a monthly frequency. If you want to see mor...

All dual-regulated and FCA solo-regulated firms are now under the scope of the Senior Managers & Certification Regime (SMCR), with many working hard in recent months to ensure all...