FCA consults on SM&CR Extension

A Tiered approach for over 46,000 firms

London, United Kingdom: As the extension of SM&CR consultation paper is released (FCA Proposed extension to SM&CR) all FCA regulated firms need to sit up and take notice as does the Insurer and Reinsurer market. As has been hinted “proportionality” rings true and is broken down by firms whose regime will be either in:
1. Limited Scope
2. Core
3. Enhanced

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