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Compliance FAQs

What is SM&CR?

The Senior Managers & Certification Regime (SM&CR) is an FCA initiative which affects UK regulated firms. The SM&CR's aim is greater accountability; to hold all financial sector employees to higher standards of conduct and senior managers accountable for any misconduct that falls within their area(s) of responsibility. SM&CR replaces the existing Approved Persons Regime (APER). 

If you want to find out more about SM&CR, Laven have published two articles: Senior Managers & Certification Regime and a June Update

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