Guidance on the Senior Managers' Regime, the Certification Regime and the Conduct Rules

In this half-hour video, Alexandria Carr and Mark Compton of Mayer Brown International LLP discuss the UK's new regulatory regime for individuals working in banks, large investment firms and insurers, including those working in UK branches of these firms.

The new UK regime for strengthening accountability in banks, large investment firms and insurers comes into force on 7 March 2016. The regime for branches of both EEA and non-EEA firms will come into operation on the same date. The firms affected have until 8 February 2016 to notify the UK regulators of the individuals who are eligible to transfer from the old regulatory approval regime to the new regime.

Alexandria and Mark explain how the new requirements could affect you and your firm, and what you need to do between now and March 2016 to prepare.

Topics covered:

  • The scope of the new rules
  • The Senior Managers' Regime
  • How the Senior Managers' Regime applies to branches
  • The Senior Insurance Managers' Regime
  • The Certification Regime
  • How the Certification Regime applies to branches
  • The Conduct Rules
  • When the new requirements come into force
  • How firms should prepare

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Date:Published Tuesday 29 September 2015
Duration:0.5 hours
CPD hours:0.5 hours

Alexandria Carr

Mayer Brown

Mark Compton

Mayer Brown

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