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On March 17, 2022, FINRA issued Regulatory Notice 22-10 clarifying the scope of potential liability for CCOs related to supervision lapses. Specifically, unless a CCO is actually designated, directly or indirectly, with supervisory responsibilities, within the meaning of the relevant rule, supervision failures or deficiencies will not result in a FINRA enforcement action against a CCO.

In a speech delivered on 17 March 2021 for the HM Treasury Women in Finance Charter Annual Review Launch 2021, FCA CEO Nikhil Rathi sent a warning to the financial services industry that diversity and inclusion should form a core part of firm and senior management culture, and that the regulator will start taking action where it fails to see improvements made.