Reform of senior managers’ regime chance to speed up director approvals – compliance experts
Government plans to reform the Senior Managers and Certification Regime are an opportunity to speed up approval processes which are taking too long, compliance experts say.
On Friday, the Government announced a review into SMCR would begin in the first quarter of next year.
Chancellor Jeremy Hunt said reform of SMCR and other light-touch regulatory reforms would mean the country could ‘seize on our Brexit freedoms’.
Mike Cranny, director with consultant Create Solutions, said: “It would be good if they could look at the difficulties in not only the senior managers’ regime, but the whole of the process of authorising managers and brokers.
“The case officers are
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