FCA and PRA launch consultation on SM&CR reform, aiming to simplify checks, speed approvals, and support growth – have your say by 7 Oct 2025

Proposed changes include extending timelines for senior manager approvals, reducing duplicative certification roles by 15%, and simplifying annual checks to certify individuals as ‘fit and proper’ for their roles. These measures are part of a broader initiative to enhance the competitiveness and efficiency of the UK financial services sector…