Senior Managers and Certification Regime Q & A with Dilys Gale – Stride Insurance Group’s Compliance & Audit Manager

SMCR – what insurance brokers need to know – part two What is the SM & CR? SM & CR is a logical way of defining the accountability of individual manager or director in your brokerage and replaces the FCA “Approved Persons” regime known as APER. In addition, the SM…

Office workers laptop and screens of broker portal

SMCR – what insurance brokers need to know. Part One

Following the financial crash in 2008 the Government introduced new rules, which resulted in the introduction of the Senior Managers and Certification Regime (SMCR). From December 2019 these rules apply to insurance brokers.
This is the first of a three-part article giving brokers tips on how to implement the new regime in their brokerage.