In light of the new regulatory framework introduced by the FCA back on 7 March, we wanted to take a quick look at the story so far, and what’s still to come for many financial services organisations.
Register to watch the webcast on the matter at www.efinancialnews.com/SMR.
The Senior Managers and Certification Regime has now been in effect for three months, but there is still a long way to go to ensure that this is standard practice across the industry. Our previous blogs explored a range of issues around the FCA’s regulations:
- How New Financial Services Regulation Affects You
- Top 4 Concerns with the Senior Managers Regime
- What is the Elephant in the Senior Manager’s Room?
- Top 10 Tips on being FCA Regulation Ready
But what’s next for financial services firms in the fight to stay compliant?
This summer, new regulated reference requirements are to be introduced, alongside the publication of the final FCA rules. On 7 September the Certification Regime regulations will be in full force, with the deadline for Conduct Rules set for 31 October.
Whilst financial services firms are likely to have already made significant inroads in preparing for the regulations, it’s not time to rest on their laurels. At HireRight, we’re here to help all financial services firms feel ready, up-to-code and risk free.
On 29 June Steve Girdler, Managing Director of EMEA, will be participating in a HireRight webcast with Financial News to discuss the full effects of the regulations on the industry. The webcast will be chaired by Michael Imeson of Financial News, with other industry experts alongside Steve making up the panel:
- Evgueni Ivantsov – Head of Portfolio Management and Strategy, Lloyds Banking Group
- Simon Thompson – Chief Executive, Chartered Banker Institute
- Christopher Robinson – Partner, Freshfields
Register to watch the broadcast at www.efinancialnews.com/SMR. Steve will be discussing what banks must do to ensure that both existing and new staff comply with the regime and how to react when screening procedures identify challenges.
For further advice, and a practical checklist to ensure you are ready for 2017 when the rules are applicable more widely, download our free report, ‘Regulation Ready: Preparing for the new regulatory framework for financial services’.
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