Last month, we were joined by over 200 clients for a seminar which marked the first three years of the UK’s Senior Managers and Certification Regime (SMCR) being in force.

During the first three years of the SMCR being in force, industry trends and standards for best practice have emerged in key areas, such as fitness and propriety assessments, handovers between Senior Managers and regulatory references. Firms have also had to grapple with a number of post-implementation challenges along the way, especially in relation to the management of employee misconduct under the SMCR and the FCA’s more recent focus on ‘non-financial misconduct’.