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New FCA webpages on SMCR extension to FCA solo-regulated firms

The FCA has published two webpages with information for regarding the extension of the SMCR to solo-regulated firms.

The first page published on 26 July includes a guide for firms, details of how the SMCR applies, a firm checker tool to help you understand your category as well as a summary of the rules and the relevant dates.

The second page published on 31 July provides more details on the SMCR categories for solo-regulated firms.  The page covers how firms can change their SM&CR category by opting up or opting down between the 3 categories – limited scope, core and enhanced.

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Emma Radmore