PIMFA calls on government to approach SM&CR changes with caution

News Team, 06/06/2023

Wealth management lobby group PIMFA has called on the Financial Conduct Authority (FCA) and the government to take a “surgical approach” to any proposed changes to the senior managers and certification regime (SM&CR).

In its response to the regulator’s proposed review of SM&CR and the Treasury’s call for evidence, PIMFA argued that the regime has played a useful role in improving conduct, governance and individual responsibility within the financial ser...

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