FCA SMCR deadline extension: Some relief, but still much to consider

FCA SMCR deadline extension: Some relief, but still much to consider

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Compliance, Financial Crime

SMCR Conduct Rules Training – with great responsibility comes significant liability

In the UK, a professional code setting out behavioural expectations is commonplace. Social workers have been subject to a code of ethics since 1975. A code of conduct for barristers has existed since at least the 19th Century. The Hippocratic Oath for physicians has been around for over 2,000 years! 

Demystifying SMCR

A particular aspect of the UK regulatory environment is that financial institutions can be classified in a number of different ways. For example, it’s possible for a firm to be classified as an FCA-regulated firm, an investment firm, a portfolio manager, a small CASS firm and an ‘IFPRU’ firm – amongst others!