Majority of brokers not ready for SMCR deadline

August 30, 2019 Nicholas Murphy

Simon Lovell, field compliance manager at TMA Club, has said that the majority of brokers are not ready for the Senior Managers and Certification Regime, just 100 days before it replaces the Approved Persons Regime. Whilst high level awareness is currently good, he said, he urged brokers to “engage with the scheme” and “do what is expected of them”, adding that “It takes time, energy and resources” to adapt to.

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