FCA/PRA: Senior Managers & Certification Regime – policy statements
The regulators have published policy statements, which set out the first phase of reforms to the SM&CR, including with regard to: criminal record checks and disclosure; the 12-week rule; statements of responsibilities and management responsibilities maps; regulatory references and prescribed responsibilities. Some changes take effect on 24 April 2026 and others take effect on 10 July 2026. The regulators intend to consult on a second phase of proposals later in 2026.
For more information
- https://www.fca.org.uk/publications/policy-statements/ps26-6-senior-managers-certification-regime-review
- https://www.bankofengland.co.uk/prudential-regulation/publication/2026/april/review-of-the-smcr-phase-1-policy-statement
- https://www.fca.org.uk/news/press-releases/fca-pra-changes-streamline-senior-manager-accountability-boost-growth
Last updated · 23 Apr 2026
Regulatory News - Financial Services & Regulation
See all Regulatory News - Financial Services & RegulationBIS: Note of Basel Committee meeting
BIS has published a note of the Basel Committee meeting held on 28–29 September 2026, Topics include: digitalisation in AI; cryptoassets; GSIBs; interest rate risk in the banking book; liquidity, and AML/CTF,
FCA: CP26/34: Preparing for the new transaction reporting regime
FCA has published the detailed results of the annual survey, noting that 79% of firms are highly satisfied with their relationship with the regulator, up from 74% last year. The Practitioner Panel notes that the results also highlight that firms want simpler regulation, greater predictability and a more proportionate regulatory framework and questions whether simplification initiatives are making reductions in the regulatory burden or costs.
FCA/Practitioner Panel: 2026 survey
FCA has published the detailed results of the annual survey, noting that 79% of firms are highly satisfied with their relationship with the regulator, up from 74% last year. The Practitioner Panel notes that the results also highlight that firms want simpler regulation, greater predictability and a more proportionate regulatory framework and questions whether simplification initiatives are making reductions in the regulatory burden or costs.
For more information
- https://www.fca.org.uk/publication/external-research/fca-practitioner-panel-joint-survey-2026.pdf
- https://www.fca.org.uk/news/news-stories/firms-confidence-satisfaction-and-trust-fca-rise
- https://www.fca.org.uk/publication/external-research/fca-practitioner-panel-joint-survey-2026-methodological-note.pdf
FCA: Authorisations operating service metrics
FCA has published Q1 2026/27 operating service metrics.
BoE: Speech by Nathanaël Benjamin: A unique vantage point
Text of Nathanaël Benjamin’s speech of 1 October 2026 follows in which he discusses surveillance of the markets, with particular regard to hedge funds and the gilt repo market.