Rulestack

FCA PS · FCA

PS19/20: Optimising the Senior Managers & Certification Regime and feedback to CP19/4

Published
Read the official text on the FCA website(opens in a new tab)
AI-generated Summary

Final rules, after CP19/4, optimising the Senior Managers and Certification Regime: the head of legal is excluded from senior manager approval, the enhanced regime's intermediary revenue criterion is amended, the certification regime is clarified and Senior Manager Conduct Rule 4 is extended.

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

Details

ReferencePS19/20
IssuerFCA
Published26 Jul 2019. Source: FCA, "PS19/20: Optimising the Senior Managers Certification Regime and feedback to CP19/4": "Policy Statement 26/07/2019" (read 19 Oct 2026)

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

FCA Handbook references © FCA, used under the Open Government Licence v3.0. Rulestack is independent and not endorsed by the FCA.