NACFB seeks membership input on potential SM&CR extension
By Jordan WilliamsThe National Association of Commercial Finance Brokers (NACFB) – via its Compliance Services division – is to conduct a survey regarding the FCA's proposals to extend the Senior Managers and Certification Regime
The FCA’s proposals are intended to reduce harm to consumers and strengthen market integrity by making the employees of financial services firms more accountable for their conduct and competence.
The proposals include specific requirements for regulated firms (“core regime”) and extra requirements for large and complex companies (“enhanced regime”).
The NACFB has actively encouraged its members to contribute to the Association’s overall response to the consultation paper.
Members can find out more on the NACFB website.
In June, the NACFB announced the appointment of Graham Toy as its new CEO.
Graham replaced interim CEO Rob Lankey.
Keywords: NACFB, National Association of Commercial Finance Brokers, survey, financial conduct authority, FCA, Consumers, financial services, employees, Senior Managers & Certification Regime, commercial finance, commercial brokers, regulation