The Financial Conduct Authority finalized a policy statement making clear that senior managers of banks can be held accountable for regulatory breaches that occur within their area of responsibility. The policy statement will be effective beginning March 7, 2016. In addition, senior managers will have to be included in FCA’s certification regime (somewhat akin to registration) as of the same date. Algorithmic traders working at banks will also be included within FCA’s certification regime as of September 7, 2016.