Information on senior manager function positions - February 2025

FOI Release Date of Release:

Reference Case Number: FOI11965

Freedom of Information: Right to know request:

The number of men and women in SMF1, SMF3, SMF27, SMF9, SMF16 and SMF17 positions at the end of 2024.

Please provide this data in two separate breakdowns: (1) All FCA-regulated firms, and (2) Only firms with permission to trade as a general insurance broker.

The full wording of the request can be found in Annex A.

FCA response:

Firstly, we would note that we do not systematically record the gender of individuals. We hold information on the salutations used by individuals and are responding to your questions on this basis. Please note, however, that:

  1. individuals may use a salutation that is different to their gender self-identification;
  2. there are several salutations which are gender neutral (e.g. ‘Doctor, ‘Professor’), or a role title was provided instead of a salutation (e.g. “Managing Partner”) which we have recorded as ‘miscellaneous’, and
  3. in some instances, the salutation field has been left blank.
  4. Where an individual holds more than one role of the same designation (e.g. SMF3 Executive Director at multiple firms) we have only counted that individual once.

The information we hold can be seen in the tables below.

Please note the figures were extracted on 11 February 2025 and are reflective of the position as at 31 December 2024.

The figures do not include data on SMF1 and SMF3 holders of Appointed Representative firms as these are not directly FCA authorised firms. For the same reasons, details of EEA authorised firms have not been included.

This data extract does not include individuals who have had their SMF position withdrawn, terminated, or rejected. These variables have been filtered out for the purpose of providing an accurate account of those who held their position as SMF at the end of December 2024.

Please also note we have taken your request to refer to firms within the following supervision portfolios:

  • “Personal & Commercial Lines Insurance Intermediaries”; or
  • “Lloyd’s and London Market Intermediaries and Managing Agents”

Table 1 - all FCA regulated firms:

Number of SMF1, SMF3, SMF27, SMF9, SMF16 and SMF17 holders at the end of December 2024, broken down by salutation. 

SalutationsSMF1 Chief ExecutiveSMF3 Executive DirectorSMF9 Chair of the Governing BodySMF16 Compliance OversightSMF17 Money Laundering Reporting Officer (MLRO)SMF27 Partner
Mr3927209241279891781434734
Misc.  3551507186703653844
Mrs208300810911081021530
Ms15181586450433201
Miss4775813400340134
Lord/Earl/Sir41119223
Dame/Lady002000

Table 2 - firms with permission to trade as general insurance brokers:

Number of SMF1, SMF3, SMF27, SMF9, SMF16 and SMF17 at the end of December 2024, broken down by salutation.

SalutationsSMF1 Chief ExecutiveSMF3 Executive DirectorSMF9 Chair of the Governing BodySMF16 Compliance OversightSMF17 Money Laundering Reporting Officer (MLRO)SMF27 Partner
Mr816  4755  250  472  391  341  
Misc.  66  320  33  41  22  17  
Mrs48  733  16  74  44  72  
Ms24  147  11  18  9  12  
Miss10  184  1  26  16  10  
Lord/Earl/Sir2  3  3  0  0  0  

More information

Freedom of Information