17-01-2018 11:24 via insuranceinsider.com

Moving from Simr to SM&CR conduct rules

Large insurers already caught by a banking-inspired UK conduct,
governance and accountability regime will have to implement initial
changes ahead of the conversion to a successor framework in a
matter of weeks.
The Prudential Regulation Authority (PRA) and Financial Conduct
Authority (FCA) are finalising the Senior Managers &
Certification Regime (SM&CR), which replaces the Senior
Insurance Managers Regime (Simr) later this year.
The new framework, designed to unify the rules for banks a
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