UK:
The SMCR – Is It Fit For Purpose?
21 February 2023
Katten Muchin Rosenman LLP
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The article looks at the UK government's proposed reforms to
the senior managers and certification regime (SMCR), in light of
the impact of Brexit still being felt around the UK and the recent
eye-watering turnover in the Cabinet resulting in uncertainty,
frustration and trepidation in the financial markets. The article
analyzes the changes as part of the proposed 'Edinburgh
reforms,' which the Treasury has suggested to streamline
financial services regulation in the UK and to promote investment
and growth. A thorough review of the SMCR is expected to take place
in early 2023.
"The SMCR – is it fit for purpose?,"
HR, February 3, 2023
Ciara McBrien, a Katten trainee solicitor in London,
contributed to this article.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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