Keep your eye firmly on SMCR regulation

While SMCR was not ‘light-touch’ regulation, nor will it be on an ongoing basis, it is worth bearing in mind that a number of these activities replace authorised processes and procedures that have already been in place for years. 

However, just because it may not be as hot a topic as it was last year in the press, SMCR is not out of the regulator’s sights, and therefore needs to stay firmly in yours.   

Mark Greenwood is director of compliance services at The SimplyBiz Group