FCA issues PS16/6 on Consequential Changes to the Senior Managers Regime
The FCA has issued the Policy Statement PS16/6 on Consequential Changes to the Senior Managers Regime. The FCA issues this PS since in January 2016 it consulted on proposed consequential amendments to the Senior Managers and Certification Regime (SM&CR). These changes reflect HM Treasury’s removal of the requirement for firms to report known and suspected breaches of …
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