A chronological timeline of the key source documents and commentary
2018
04 July, FCA
Source
PS 18/14: Extending the Senior Managers & Certification Regime to FCA firms – feedback to CP 17/25 and CP 17/40, and near-final rules
Article
Extension of SMCR: The FCA’s “near final” rules on extension of the Senior Managers and Certification Regime to FCA solo-regulated firms
Source
The Senior Managers & Certification Regime: Guide for FCA solo-regulated firms
Source
PS 18/15: Extending the Senior Managers & Certification Regime to insurers - feedback to CP 17/26 and CP 17/41, and near-final rules
Article
Extending the SMCR to insurers - a brief summary of the main points
Source
The Senior Managers & Certification Regime: Guide for insurers
Source
Final Guidance: the Duty of Responsibility for insurers and FCA solo-regulated firms
Article
Extension of SMCR: The FCA’s “near final” rules on extension of the Senior Managers and Certification Regime to FCA solo-regulated firms
Source
CP 18/19: Introducing the Directory
Article
CP18/19: the FCA’s proposal for a new public directory
2017
13 December, FCA
Source
CP 17/40: Individual Accountability: Transitioning FCA firms and individuals to the Senior Managers & Certification Regime
Article
FCA releases three more SMCR Consultation Papers
Source
CP17 /41: Individual accountability: Transitioning insurers and individuals to the Senior Managers & Certification Regime
Article
FCA releases three more SMCR Consultation Papers
Source
CP 17/42: The Duty of Responsibility for insurers and FCA solo-regulated firms
Article
FCA releases three more SMCR Consultation Papers
26 July, FCA
Source
CP17/25: Individual Accountability: Extending the Senior Managers & Certification Regime to all FCA firms
Article
The FCA publishes Consultation Paper on extension of the Senior Managers and Certification Regime
13 July, Banking Standards Board (BSB)
Source
Consultation on Certification Regimes: Certification risks and issues and draft Guidance
Article
BSB Consultation launched
13 June, PRA
Source
CP8/17 - Strengthening accountability in banking and insurance: optimisations to the SIMR, and changes to SMR forms
12 May, PRA
Source
PS12/17 - Strengthening individual accountability in banking and insurance: amendments and optimisations
09 May, FCA
Source
PS17/11 - Review of the FCA’s appropriate qualification exam standards
03 May, FCA
Source
PS17/9 - Guidance on the duty of responsibility: final amendments (including feedback on CP16/26) to the Decision Procedure and Penalties Manual
Source
PS17/8 - Applying conduct rules to non-executive directors in the banking and insurance sectors
Source
PS17/7 - Whistleblowing in UK branches of foreign banks Response to Consultation Paper 16/25
28 February, Banking Standards Board
Source
Statement of Good Practice 1 - certification Regime: fitness and propriety assessment principles
Supporting guidance to statement of good practice 1 - certification regime: fitness and propriety definitions, sources of information and assessment record template
Article
BSB publishes Fitness and Propriety Assessment Principles
Regulated people: Exits - the regulatory and employment considerations
Training materials - Regulated people: Hiring, contracts and regulatory references
16 February, PRA
Source
CP2/17: Occasional Consultation Paper: amends to regulatory references
Article
Regulatory references - consultation on minor amendments
09 January, FCA
Source
CP16/27: Applying conduct rules to all non-executive directors in the banking and insurance sectors
Article
PRA/FCA consultation: whistleblowing, SMR and more on regulatory references
Source
CP 16/25: Whistleblowing in UK branches of overseas banks
Article
PRA/FCA consultation: whistleblowing, SMR and more on regulatory references
Source
CP16/26: Guidance on the duty of responsibility
Article
PRA/FCA consultation: whistleblowing, SMR and more on regulatory references
Source
DP16/4: Discussion Paper on Overall responsibility and the legal function
Article
FCA discussion paper on Senior Managers and Certification Regime
PRA/FCA consultation: whistleblowing, SMR and more on regulatory references
09 January, PRA
Source
CP34/16: Strengthening accountability in banking and insurance: amendments and optimisations
Update to SS28/15: Strengthening individual accountability in banking, and
Update to SS35/15: Strengthening individual accountability in insurance
Article
PRA/FCA consultation: whistleblowing, SMR and more on regulatory references
Source
CP35/16: Whistleblowing in UK branches
Article
PRA/FCA consultation: whistleblowing, SMR and more on regulatory references
This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.
Key contacts
If you have any questions, contact a member of the Key resources team for assistance:
