Additional controlled functions under SMCR. The PRA is set to retain its list of Senior Insurance Manager Functions (SIMFs). The FCA adds the following SMFs: ... In relation to SIMFs the transition is ...

When appointing an individual to perform a controlled function, certifying an individual as fit and proper or appointing to certain other positions, including board director, a firm must take ...

The FCA, meanwhile, is proposing to maintain its current SMCR requirements for EEA branches for any such branches that enter the TPR, and individuals already approved to act in senior management ...