UK:
The Senior Managers Regime For Financial Services Firms
11 December 2015
Fieldfisher
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The Treasury has announced the replacement of the Approved
Persons Regime for all approved persons. A version of the Senior
Managers and Certification Regime – originally designed for
banks, building societies, credit unions and PRA-designated
investment firms following the 2007-2008 financial crisis - will be
extended to all other financial services firms (including asset
managers, insurance and mortgage brokers and consumer credit firms)
from 2018.
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