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UK streamlines financial firms' senior manager rules to ease regulatory burden

( July 15, 2025, 10:06 GMT | Official Statement) -- MLex Summary: The UK financial sector has been asked for feedback on streamlining rules for senior managers in financial firms. The Senior Managers & Certification Regime currently includes rules on accountability among senior managers and maintains standards of behavior and competence. The finance ministry has committed to remove the Certification Regime to cut compliance costs, and the Financial Conduct Authority and Prudential Regulation Authority have in parallel opened consultations on the regime to make it less onerous on firms. Feedback is invited until Oct. 7.Statement follows, consultations are attached....

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