ARTICLE
11 December 2015

The Senior Managers Regime For Financial Services Firms

The Treasury has announced the replacement of the Approved Persons Regime for all approved persons.
United Kingdom Finance and Banking

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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