STOCKATLASS NEWS BRIEF
UK regulators consult on changes to senior-manager accountability rules
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AI-assisted summary. The UK's PRA and FCA opened consultations on simplifying the Senior Managers and Certification Regime. Proposed changes would replace regulatory pre-approval with notification for some roles, while retaining checks for CEOs, CFOs and chairs. Firms would remain responsible for staff suitability and conduct. Some changes need legislation; the release says policy is expected in 2027.
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Bank of EnglandThis is an original summary of the linked source. The date above belongs to that source, rather than the first publication of this Stockatlass page. Check the source for its full context, corrections and later developments.