Biba welcomes FCA consultation on SMCR deadline extension
The consultation by the Financial Conduct Authority on extending the deadline for the implementation of conduct rules is “welcome news”, according to David Sparkes, head of compliance and training at the British Insurance Brokers’ Association.
The Senior Managers and Certification Regime kicked in for brokers on 9 December last year having been in place for insurers since 2018.
The original timetable set out that all solo-regulated firms
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