Over 250 people attended the January event and we are expecting similar numbers for this event so early booking is recommended.
This event is being organised in response to demand from the market following our successful summit on this subject in January and is being held shortly after the publication of the FCA’s consultation paper on how it will implement the extension of the SMCR.We are particularly pleased that Jonathan Davidson, Director of Retail Supervision and Authorisation at the Financial Conduct Authority, has kindly agreed to give the opening keynote address.The government is proposing to extend the Senior Managers and Certification (SM&CR) regime to all sectors of the financial services industry, replacing the discredited Approved Persons Regime. The FCA has announced that the extension will take place in early 2018. The key features of the extended SM&CR are:
The FCA has said that it will ensure that the extended regime appropriately reflects the diverse business models operating in the UK market and is proportionate to the size and complexity of firms. Given the fundamental changes that firms will need to make in advance of its implementation, it is widely acknowledged that they need to start preparing as soon as possible. The summit addresses the needs of c-suite executives in those institutions that are due to fall within the ambit of the extended regime, including investment firms, insurance companies and consumer credit firms. Currently, 10,500 individuals fall within the SMR and another 32,302 within the certification regime. The extension will potentially bring a further 92,300 individuals into the SMR and 66,000 into the certification regime for the first time. The programme will tackle the key issues from a very practical perspective. The final programme will be structured around the proposals set out in the FCA’s recent paper, but is likely to cover the following elements:
The summit will be of particular interest to heads of compliance, heads of operations, heads of legal, heads of internal audit and heads of training and education, as well as members of the advisory community, such as lawyers and accountants.
Wednesday, September 20, 2017 8:15 AM - 5:25 PMGreenwich Time
Royal Garden Hotel2-24 Kensington High StreetLondon W8 4PTUnited Kingdom020 7937 8000