Conduct Rules for Senior Managers

Refreshed August 2024 | CPD time: 1 Hour

The Conduct Rules are part of a package of measures to regulate the behaviour of individuals within the UK financial services sector. These arrangements are intended to increase the accountability of individual employees within firms, and to address the perception that regulators have found it challenging to hold individuals effectively to account. This module provides an overview of the Conduct Rules as they apply to those approved to perform senior manager functions (SMFs), or act as non-executive directors (NEDs). It also explains a firm's obligations regarding training, breaches and reporting. If you are not a SMF or NED, you may find it more helpful to work through the parallel module Conduct Rules for All Staff instead.