The Senior Managers and Certification Regime will affect all firms in some way, no matter what sector or size, are you prepared?
Although there are a number of issues to consider, there are four which need to be considered now:
1. Statements of Responsibility;
2. Board composition and management structure;
3. Contractual Requirements; and
4. Modification of internal processes and procedures.
Designed for brokers, this article focuses on what ‘Statements of Responsibility’ actually means in practice, the new ‘Senior Management Functions’ and what you should be doing now.