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UK adds flexibility to rules for senior managers in financial services

( April 22, 2026, 09:32 GMT | Official Statement) -- MLex Summary: The UK is adding greater flexibility to the rules for senior managers in financial services by giving firms more time to submit senior manager applications when there has been an unexpected change and removing the need to certify people with multiple overlapping functions. The reforms by the Bank of England and Financial Conduct Authority mark the first phase of an overhaul of the the Senior Managers and Certification Regime. The government said Wednesday it would introduce legislation to enable regulators to make further changes with consultations due later this year.Statements are attached....

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