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Recruitment: financial services

Updating authors: Nick Thorpe and Neil Johnston
Consultant editor: Paul Ellison

NOTE: The new Senior Managers Regime (SMR) and Certification Regime (CR) apply to all UK-incorporated banks, building societies, credit unions and PRA-regulated investment banks (s.71A Financial Services and Markets Act 2000) and replace the Approved Persons Regime for individuals working within those firms. However, all FCA-authorised firms that are not subject to the SMR and CR currently remain subject to the Approved Persons Regime. This includes asset managers, brokers and consumer credit firms.