Thomas Hyrkiel5 min read
Carmen Cracknell2 min read
Julie DiMauro5 min read
Hameed Shuja7 min read
Thomas Hyrkiel5 min read
Thomas Hyrkiel3 min read
FCA SMCR
The regime consists of three parts:
The SMCR aims to reduce harm to consumers and strengthen market integrity by creating a system that enables firms and regulators to hold people to account. As part of this, the SMCR aims to:
The proposals address well-documented concerns about opacity, reliability, and independence in the ESG ratings market.
Laura Houët | CMS, Ben Maconick | CMS, Oliver Williams | CMS7 min read
The FCA, Treasury, and PRA are tabling proposed changes to the SMCR, alongside raising standards around non-financial misconduct.
Tom de Ville | Ocorian, Eddy Burchett | Ocorian3 min read
The FCA plans to extend the High-Level Standards in the FCA Handbook to cryptoasset firms in line with FSMA-authorized entities.
Sam Robinson | CMS, Justin Kwik | CMS5 min read
Under the proposals, all firms wishing to carry out regulated cryptoasset activities will be required to obtain FCA authorization.
Jamie Jefferson Ng | Ashurst5 min read
The FCA says AI is helping them become a "smarter regulator."
Jean Hurley1 min read
Overview of the UK financial services growth strategy; HMT changes to the insurance risk transformation regime and captive insurance regulatory framework; and SMR and FOS reforms.
The FCA, PRA and HM Treasury have each issued consultations setting out reforms to the SMCR.
For boards, there is an opportunity to show leadership by proactively managing culture.
Maria Symeon | Pathlight Associates3 min read
Further Reading