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The UK Senior Managers and Certification Regime (SMCR) is being extended to all financial services firms during 2018. PRA and FCA proposals applying to insurers build on the Senior Insurance Managers Regime (SIMR) although the transition to the SMCR is complicated by overlapping Solvency II requirements.
 

We have prepared the attached guide for insurers to the proposals set out in PRA CP14/17 and FCA CP17/26 (please click here for a copy). 

Our experience of working with clients on the SMCR and the SIMR suggests that implementation projects should begin now rather than waiting for the outcome of the consultations. Please contact a member of our team to discuss the proposals with us.
 

Key contacts

Geoffrey Maddock photo

Geoffrey Maddock

Partner, London

Geoffrey Maddock
Alison Matthews photo

Alison Matthews

Consultant, London

Alison Matthews
Barnaby Hinnigan photo

Barnaby Hinnigan

Partner, London

Barnaby Hinnigan