A draft version of the Financial Services and Markets Act 2000 (Misconduct and Appropriate Regulator) Order 2015 has been published. The Order amends certain provisions in FSMA that were inserted into FSMA by Part 4 of the Financial Services (Banking Reform) Act 2013 (Banking Reform Act) which introduced the senior managers regime (SMR) and the certification regime for individuals in working in the UK banking sector. Amongst other things, the Order amends s.66A of FSMA to give the FCA disciplinary powers over individuals working in financial services firms where there is a breach by the firm of the AIFM Regulations 2013. With the exception of one of the amendments, the Order will come into force on 7 March 2016.