By Noline Matemera
Proposed guidance on statements of responsibilities for FCA firms
On 11 October 2018, the FCA published draft guidance, GC18/4: Senior Managers and Certification Regime – Proposed guidance on statements of responsibilities and responsibilities maps for FCA firms.
The aim of the guidance is to give FCA solo-regulated firms practical assistance and information on preparing statements of responsibilities (SoRs) and responsibilities maps. The guidance may also be of interest to dual-regulated firms already subject to the SMCR, when preparing new SoRs and responsibilities maps, or reviewing existing ones.
