Monique Melis, Managing Director in Duff & Phelps Compliance and Regulatory Consulting practice, was quoted in the FT Adviser in an article discussing upcoming regulatory changes facing the financial services industry.
It may be a new year, but that doesn't mean advisers do not face regulatory change in 2019. Among the biggest changes this year is the introduction of the senior managers regime, which comes into effect in December.
Monique said "it could take up to three years to see a 'significant increase' in penalties against individuals under the regime but 'big change' is certainly on the horizon... change was coming for the industry and moving into 2019 firms should be consolidating and embedding the regulatory change into their systems, culture and staff training".
Read the full article here.
