Extension of the individual accountability regime: breakfast briefing

7 NOV 2017
8:00 AM - 10:00 AM GMT
DLA Piper UK LLP
1 St. Peter's Square
Manchester
M2 3DE
United Kingdom

In July 2017, the FCA published its long-awaited proposals for the extension of the rules on the Senior Managers and Certification Regime (the "SMCR"). The SMCR has already been introduced for banks and insurers and the new proposals will extend the SMCR during 2018 to almost every firm the FCA regulates, from very small firms and those with limited permissions (including sole traders and consumer credit firms) to some of the largest global financial institutions.

The extension of the SMCR framework will require the thousands of affected financial services firms to make fundamental changes to their compliance practices in advance of its implementation.

The FCA published its Consultation Paper CP17/25 setting out their plans at the end of July. In order to brief you on the new proposals, our financial services team has arranged a briefing on Tuesday 7 November 2017, starting at 8.30 am at our Manchester office. The event is designed to be of interest to all firms and aims to provide firms with an overview of the proposed extension to the regime, the proposed rules and their implications as well as the implications for HR teams and employment contracts.

Speakers include Louise Neave, who focuses on advising consumer credit firms, Chris Whittaker, who has significant experience implementing the SMCR in a large bank and Emma Mills, one of our employment lawyers working in the financial services sector.

AGENDA:

8:00 Registration and refreshments
8:30 Extension of the Regime, Louise Neave, Legal Director
8:45 Rules and implications for FCA authorised firms, Chris Whittaker, Associate
9:15 Implications for HR and employment contracts, Emma Mills, Legal Director
09:45 Panel discussion and questions
10:00 Seminar close