With one month to go until the 9th December deadline for the extension of the Senior Manager and Certification Regime (SMCR), Linda Gibson, head of regulatory change and compliance risk at BNY Mellon’s Pershing, offered her top three tips to make sure wealth managers comply.

1. Statements of responsibilities should be a reality check

All senior managers must have statements of responsibilities (SoRs) setting out their roles and responsibilities.

The FCA wants these to be concise and clear to understand...