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.
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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.
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