EaSI Technical Assistance Webinar on the Regulations of the Financial Conduct Authority

On 13 January, the European Union is offering a webinar for microfinance institutions (MFI) interested in improving their organisational culture and conduct and aligning to the regulations of the Financial Conduct Authority.

The Financial Conduct Authority (FCA) has replaced one of its standards – the Approved Persons Regime (APR) with a Senior Managers and Certification Regime (SM&CR) affecting all financial institutions regulated under FCA, in December 2019. The purpose of the new scheme is to create a culture of accountability in the financial services sector.

The webinar will provide an introduction in the new regulatory standard for non-executive directors and other interested managers, looking into the specific requirements in the Senior Managers and Certification Regime (SM&CR) and the conduct rules from the perspective of non-executive directors.  It will also look into the wider responsibilities of a Board in driving the culture of the organisation and managing associated conduct risks, such as the challenges of dealing with vulnerable customers and handling complaints.

Topic: Senior Managers and Certification Regime (SM&CR) for non-executive directors

Date: Monday, 13 January 2020 at 12:00 (UK time)

Language: English

Register: please send email to Ros Wynne

Two experts will deliver an interactive online session with plenty of opportunities to interact through polls and live questions:

  • Mr. Malcolm Lynch is a solicitor who is also a Partner and Head of Charities and Social Economy Team, at Wrigleys LLP. Malcolm advises a wide range of charities and wider social economy companies on legal, regulatory, social investment and financing issues.
  • Mr. Peter Parker, is also a solicitor at Wrigleys LLP. Peter has considerable experience in advising various not-for-profit organisations on social finance, financial services regulation and financial promotions (he is authorised by the FCA to approve financial promotions) and structural transactions.

The webinar is financed under the EaSI Technical Assistance programme, and attendance is free of charge. The session is primarily tailored to non-executive directors of community development financial institutions (CDFIs) but can also be relevant for other senior management staff.