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16 September 2025

Ahead Of The Curve: Navigating The Future Of The UK Senior Managers And Certification Regime

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A&O Shearman

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A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
Since its inception in 2016, the Senior Managers and Certification Regime (SMCR) has served as a cornerstone of the UK's financial services regulatory landscape.
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Since its inception in 2016, the Senior Managers and Certification Regime (SMCR) has served as a cornerstone of the UK's financial services regulatory landscape.

Now, as part of the government's broader Leeds Reforms, the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and HM Treasury have unveiled a suite of proposed amendments to the SMCR, designed to streamline its operation and address practical challenges, while retaining its core principles.

Our experts Sarah Hitchins, Marc Teasdale and Kirsty Taylor looked at the latest proposals from the FCA, PRA and HM Treasury that will shape the future of individual accountability in the UK, including their practical implications, what firms should do to prepare for those changes and what further reform we might expect in this area.

Watch the Navigating the future of the UK SMCR webinar

View Navigating the future of the UK SMCR slides

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