On 7 March 2016 the Senior Managers and Certification Regime (SM&CR) was introduced to improve accountability in the financial services sector. The SM&CR applies to UK banks, building societies, credit unions, PRA designated investment firms and branches of foreign banks operating in the UK. It consists of three elements: the Senior Managers Regime (SMR), the … Continue reading
A number of developments in UK employment law are expected this year. This post takes a look at some of the key changes. Mandatory gender pay gap reporting In the UK, on average, women earn less than men. In order to address this issue, and following a lengthy consultation, draft regulations have been published which, … Continue reading
