Policy paper

Senior Managers and Certification Regime: extension to all FSMA authorised persons

The government has published a policy paper detailing the measures in the Bank of England and Financial Services Bill to extend and reform the Senior Managers and Certification Regime.

• From: HM Treasury
• Published: 15 October 2015

This was published under the 2015 to 2016 Cameron Conservative government

Documents

Senior Managers and Certification Regime: extension to all FSMA authorised persons

Ref: ISBN 978-1-910835-38-8, PU1859

PDF, 327 KB, 22 pages

Details

This document outlines the measures in the Bank of England and Financial Services Bill to extend and reform the Senior Managers and Certification Regime to all FSMA authorised persons. These include the introduction of a statutory duty for senior managers to take reasonable steps to prevent regulatory breaches by the firms in which they work.

Read the news story.

Published 15 October 2015