Compliance Monitor
SMCR deadlines extended four months to March 2021
By Neasa MacErlean
Firms have been given an extra four months by the FCA to carry out their first fitness and propriety assessments of individual
staff under the Senior Managers and Certification Regime. Having obtained Treasury agreement, the regulator has
pushed the deadline back from 9 December 2020 to 31 March 2021 — in order to give solo-regulated firms that have been “significantly affected by the
coronavirus pandemic” enough time to comply.