< Regulars | 06.07.2017

SMR, CR and SIMR – PRA policy statement on amendments and optimisations

SMR, CR and SIMR – PRA policy statement on amendments and optimisations

The Prudential Regulation Authority (PRA) has published a policy statement on amendments and optimisations to the senior managers regime (SMR) and certification regime (CR) and the senior insurance managers regime (SIMR) following an earlier consultation.

The policy statement includes:

  • Final rules amending the SMR, the CR and the SIMR;
  • Updates to the PRA’s supervisory statements on strengthening individual accountability in banking and in insurance, respectively; and
  • Updates to the PRA’s statement of policy on the conditions, time limits and variations of approval.

For more information see: http://bit.ly/2r8YVc0

Share

Related articles

FCA mission: ‘Our future approach to consumers’

FCA mission: ‘Our future approach to consumers’

The FCA has issued the first of a series of consultation publications which form part of its mission.

What’s on the radar?

What’s on the radar?

The CII takes a look at what’s new on the policy and public affairs front this month

FCA announces new dates for general insurance ‘live and local’ events

FCA announces new dates for general insurance ‘live and local’ events

The FCA has announced new dates and venues for the following ‘live and local’ events across the UK, which are aimed specifically at general insurance firms.