Brokers urged to push on with SM&CR preparations
Mathew Rutter backs Biba advice that brokers should not panic.
Brokers have until 9 December 2019 to prepare for the incoming Senior Managers and Certification Regime (SM&CR) regulation changes.
However Mathew Rutter, partner - insurance advisory at law firm DAC Beachcroft, has counselled: “It seems like a long time away but there is quite a lot that needs to be done between now and then.”
The Financial Conduct Authority (FCA) has advised that SM&CR will deliver “clear standards” for the conduct that it will expect from all financial services staff and
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