Regulatory AlertsApplying conduct rules to all non-executive directors in the banking and insurance sectors: PS17/8
The Prudential Regulation Authority and the Financial Conduct Authority issued Policy Statement PS17/8 to extend the Senior Managers and Certification Regime to non-executive directors in the banking and insurance sectors. This regulatory change requires these directors to adhere to specific conduct rules and accountability frameworks previously applicable only to executive roles. The policy follows an earlier open consultation period that concluded in January 2017, aiming to enhance governance standards across the financial industry.
Share