Senior managers regime for the buy-side - looking to the past to predict the future

16 November 2016

The Senior Managers & Certification Regime (SM&CR) will apply to buy-side firms in 2018 to assist the regulators in holding senior management to account and enshrine conduct rules that broadly apply to most employees.

While we wait for a consultation on draft rules, this briefing highlights aspects of the existing banks’ regime that are likely to suggest the direction of the final rules for the buy-side. We also put forward some action points for firms to consider now.