FCA confirms SMCR extension dates

FCA has confirmed it has extended the date by which all solo-regulated firms must have fully implemented the Certification Regime and Conduct Rules, to 31 March 2021.  This follows Treasury making the statutory instrument FCA had requested to delay the deadline for the first assessments of fitness and propriety of certified staff to that date.

Notwithstanding the extension, FCA encourages firms to meet the original deadline of 9 December 2020 if they possibly can.

Emma Radmore