SMCR – so, you think it’s all over...?

It seemed a long time in the making but, finally, 9 December and the implementation of the Senior Managers and Certification Regime for solo-regulated firms is upon us. Firms will have spent months preparing and should now be breathing a sigh of relief at what they have achieved. But it’s not all over – there is still work to be done, not to mention general ongoing compliance. Emma Radmore examines what experience has identified as thorny points in SMCR implementation to date and what to watch in 2020.

Emma Radmore(legal director) is a member of Womble Bond Dickinson’s financial services team in London. Contact her onemma.radmore@wbd-uk.com.

What should firms have done?

In order to meet the 9 December deadline, there were many strands of the SMCR that firms needed to consider.