Reg Ready 2016

With implementation dates for regulatory reforms in the financial services sector fast approaching, most regulated businesses face a period of significant and sustained change in how they deal with employees. This includes the new certification and senior managers regimes, new whistleblowing and regulatory reference requirements, an expansion of the conduct rules and mandatory reporting of breaches.

Key dates for your diaries

• 8 February 2016: deadline for submitting grandfathering notifications in respect of approved persons; statements of responsibility and responsibility/governance maps under Senior Managers/Senior Insurance Managers Regimes to be submitted
• 7 March 2016: deadline for whistleblowers' champion to be appointed; revised conduct rules apply to Senior Managers/Senior Insurance Managers; certification process commences for the banking sector