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EY's Simon Turner Comments On The FCA's SM&CR Policy Statement

The FCA's Senior Managers and Certification Regime announcement today has created buzz in alternative investment circles. Simon Turner, Wealth and Asset Management Partner at EY, offers his thoughts. “There was an expectation there wouldn’t be much in today’s SM&CR Final Policy that surprises the industry, but the widening of scope for people who need to be listed on the public register outlined in the Directory consultation paper is certainly new. The Directory increases transparency and is an opportunity for firms to further build trust with their customers, which is welcome. However, it doesn’t come without its challenges. Firstly, ensuring it is...