< 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.

EIOPA: 2016 FINANCIAL STABILITY REPORT

EIOPA: 2016 FINANCIAL STABILITY REPORT

The European Insurance and Occupational Pensions Authority (EIOPA) has published its report on the insurance

CONSULTATION ON CHANGES TO FSCS RULES AND DISCUSSION ON FUTURE FUNDING OF THE SCHEME LAUNCHED

CONSULTATION ON CHANGES TO FSCS RULES AND DISCUSSION ON FUTURE FUNDING OF THE SCHEME LAUNCHED

The FCA has announced that it is inviting responses on a number of options for changing both the funding of the FSCS and the coverage it provides to consumers