Regulatory references: rolling bad apples will keep on rolling | Practical Law

Regulatory references: rolling bad apples will keep on rolling | Practical Law

From 7 March 2016, under rules proposed by the FCA and the PRA relating to the senior managers and certification regime (SM&CR), banks, building societies, credit unions and PRA investment firms, together with insurers within the scope of the Solvency II Directive (2009/138/EC), must provide regulatory references for certain employees. This article considers what this obligation could mean for firms.

Regulatory references: rolling bad apples will keep on rolling

Practical Law UK Articles 3-622-1452 (Approx. 5 pages)

Regulatory references: rolling bad apples will keep on rolling

by Brian McDonnell, Partner, and Annabel Mackay, Managing Associate, Addleshaw Goddard
Published on 26 Jan 2016
From 7 March 2016, under rules proposed by the FCA and the PRA relating to the senior managers and certification regime (SM&CR), banks, building societies, credit unions and PRA investment firms, together with insurers within the scope of the Solvency II Directive (2009/138/EC), must provide regulatory references for certain employees. This article considers what this obligation could mean for firms.