On 26 July 2019, in Policy Statement 19/20 the FCA published its final rules confirming amendments made to the Senior Managers and Certification Regime (“SMCR”), together with near final rules for solo-regulated firms.

As foreshadowed by a consultation issued in January this year (see our previous client alert on the topic), the FCA has confirmed that firms’ Head of Legal does not require approval as a Senior Manager.