MyComplianceOffice Blog

With the Senior Managers and Certification Regime (SMCR) set to take effect on Dec. 9, solo-regulated financial firms in the U.K. are working hard to ensure they understand how the new rules will impact them and what they should consider when implementing new compliance measures.  

The Senior Managers and Certification Regime (SMCR) will apply to all solo U.K. firms regulated by the Financial Conduct Authority (FCA) starting this December. There are three main requirements organizations need to adhere to from both a compliance and human resources perspective to comply with the SMCR by the end of the year.  

The Wall Street Journal’s Risk & Compliance Journal recently partnered with Deloitte to report on Chief Compliance Officers (CCO’s) most common anti-corruption challenges. These include gaining C-suite buy-in for anti-corruption compliance programs, and innovative compliance strategies, among other topics.