SM&CR: FCA to consult on proposals to make information available on a wider range of individuals at authorised firms
Under SM&CR proposals, only Senior Managers will appear on the FS Register; CF10As for Core and Limited Scope firms, CF28s, CF29s, and CF30s would not appear. FCA will consult on maintaining a central public record of these important individuals in FCA-regulated firms.
FCA proposing to automatically convert individuals from the Approved Persons Regime to the Senior Managers and Certification Regime
The FCA is proposing to automatically convert individuals from the Approved Persons Regime to the Senior Managers and Certification Regime; the majority of firms will not need to submit applications to convert Approved Persons to Senior Managers.