In July 2017 the FCA announced the Senior Managers and Certification Regime was going to be extended to all FSMA firms. This regime has broad implications on all firms subject to it, including in relation to the individual accountability of senior managers, moving the onus for assessment of fitness and propriety onto firms and rolling out wide conduct rules to most staff. The regime is now coming into force in December 2019.
Some of the issues faced by FSMA firms in practice are likely to include matters such as proportionate application, managing SMCR and parallel regulatory concerns/future proofing, the specific value for money prescribed responsibility, identification of the correct Senior Managers and territoriality considerations. As well as sharing the speakers’ experience on SMCR, the event gives participants a chance to hear from peer firms on their SMCR planning exercises.
Date: September 19, 2018
Time: 6:00 p.m. - 9:00 p.m.
One Ropemaker Street
London EC2Y 9SS
6:00 p.m. Registration
6:30 p.m. Introduction to PRMIA
6:35 p.m. Discussion facilitated by Simmons & Simmons
- SMCR implementation, including lessons learned from the banking regime;
- Practical tips for implementing SMCR to fit with your firm’s business including HR and governance arrangements;
- Specific issues for asset managers arising out of SMCR and its interaction with the FCA’s Asset Management Market Study
8:00 p.m. Drinks Reception & Networking
9:00 p.m. Close
Penny Miller, Partner Financial Services Regulations , Simmons & Simmons
Andrea Finn, Partner Employment Law, Simmons & Simmons
Iulita Georgieva, Regulatory Advisor Wealth & Asset Management, KPMG
Michelle Bedwin, Senior Compliance Officer, Brevan Howard
Saadia Mujeeb, Global Head of Hedge Funds, Mutual Funds, Prime Brokerage & CCPs Risk, NatWest Markets
This event is FREE for members and non-members, although registration is required. Click "Register Myself" below to reserve your spot. Make sure to click "Continue" to proceed with your registration. (If this is your first time accessing the PRMIA website you will need to create a short user profile to register.)