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Fintech

Senior Managers and Certification Regime

FCA and PRA rules making named senior people in financial firms personally accountable for their areas. Often shortened to SM&CR.

A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.

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Under SM&CR, the COO is personally accountable for operational resilience.

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