SMCR deadlines extended four months to March 2021

By Neasa MacErlean

Firms have been given an extra four months by the FCA to carry out their first fitness and propriety assessments of individual staff under the Senior Managers and Certification Regime. Having obtained Treasury agreement, the regulator has pushed the deadline back from 9 December 2020 to 31 March 2021 — in order to give solo-regulated firms that have been “significantly affected by the coronavirus pandemic” enough time to comply.