Emma RadmoreThe FCA has published an update on the planned SMCR changes. It has updated its “next steps” to confirm that improvements to regulatory reporting and processes will apply from 10 July, and changes to the Directory removing the multiple overlapping certification functions will be made on 30 July. Then of course the non-financial misconduct-related changes will come in on 1 September.
The FCA plans to consult on broader reforms later this year, if the Treasury’s plans proceed.