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CP19/4: Optimising the Senior Managers & Certification Regime and feedback to DP16/4 - Overall responsibility and the legal function

Closed 23 Apr 2019
Read the official text on the FCA website(opens in a new tab)
AI-generated Summary

Consults on changes to the Senior Managers and Certification Regime for banks, insurers, solo-regulated firms and EEA and third-country branches, covering the legal function (with feedback to DP16/4), the intermediary revenue criterion for the enhanced regime and the certification regime. Closes 23 April 2019.

Written from the Regulation Tomorrow post (Norton Rose Fulbright) that links this paper, not from the paper itself.

Details

ReferenceCP19/4
IssuerFCA
PublishedDate pending: it is added once checked on the FCA’s page
Closing date23 Apr 2019 (Closing date as reported by Regulation Tomorrow)

FCA Handbook

Handbook provisions the Handbook lists against this paper (only those linked to MiFID II or MiFIR material are shown).

  • SYSC 6.2.2G
    SYSC Senior Management Arrangements, Systems and Controls · in force from 23 Oct 2025
  • SYSC 7.1.8G · Risk control: additional provisions
    SYSC Senior Management Arrangements, Systems and Controls · in force from 23 Oct 2025
  • SYSC 24.3.10G · Dividing and sharing management functions between different people
    SYSC Senior Management Arrangements, Systems and Controls · in force from 23 Oct 2025
  • SYSC 25 Annex 1
    SYSC Senior Management Arrangements, Systems and Controls · in force from 6 Apr 2026
  • CASS 1A.3.1R
    CASS Client Assets · in force from 9 Dec 2019
  • SUP 10C.6.1R · Compliance oversight function (SMF16)
    SUP Supervision · in force from 23 Oct 2025

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