The new Senior Managers regime (SMR) came into force on 7 March 2016.  The FCA, PRA and the Payment Systems Regulator (PSR) all published documents showing how they are applying the core principles underlying the SMR within their own internal organisations.

Although the regulators are not formally subject to the SMR, the publication of these documents reflects a recommendation made by the House of Commons Treasury Select Committee in 2015.

The documents are: