Update on Senior Managers and Certification Regime

November 2020

The Treasury has made a statutory instrument to delay, from 9 December 2020 until 31 March 2021, the deadline for solo-regulated firms to have undertaken the first assessment of the fitness and propriety of their Certified Persons. The FCA will also extend to 31 March 2021 the deadline for certifying relevant staff, the date the Conduct Rules come into force for staff who are not Senior Managers or Certification Staff and the deadline for submission of information about Directory Persons to the Financial Services Register.

Firms are reminded that they must submit their Directory Persons data via Connect by the extended deadline of 31 March 2021. This data, which will be owned and maintained by firms, will be published on the Financial Services Register.

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