Tue, Aug 7, 2018

Mark Turner Discusses the Senior Managers and Certification Regime on Asset TV

Mark Turner, Managing Director in Duff & Phelps Compliance and Regulatory Consulting practice, appeared on Asset TV in an interview discussing the Senior Managers and Certification Regime (SMCR).

Mark explains how SMCR replaces the existing Approved Persons Regime and is the UK government and regulator’s response to the challenges surrounding individual accountability following the financial crisis.

SMCR is comprised of three elements:

  1. Senior Managers Regime: Impacts a small number of very senior individuals at the top of an organization
  2. Certification Regime: Affects a slightly wider group than the existing Approved Persons regime
  3. Conduct Rules: Impacts all those in the financial services industry working at a FCA-regulated firm

Watch the full interview on Asset TV’s website.