On 11 October 2019, the FCA published a new webpage providing further information on the submission of Form K; the senior managers and certification regime (SMCR) conversion notification form. Form K enables firms to inform the FCA regarding approved individuals they wish to convert from the Approved Persons Regime to corresponding senior management functions under the SMCR.
The webpage outlines that enhanced firms and core firms with a non-executive chair (currently approved as a CF2) will need to submit Form K and provides guidance on the submission process. The webpage features step-by-step user guides for core firms and enhanced firms.
Form K must be submitted by 23.59 pm on 24 November 2019.