The Senior Managers and Certification Regime (SMCR) is a regime which governs the appointment and conduct of senior and key personnel at impacted firms. For banks, building societies and PRA-authorised investment firms, the SMCR was introduced and has been in force since early last year. However, the Bank of England and Financial Services Act 2016 provides for an extension of the SMCR to all regulated firms. Although the detail of that extension is yet to be confirmed, the FCA will consult during 2017 and HM Treasury has indicated that the regime should apply to this extended group from 2018.