UK, Employee Misconduct, Financial Services Industry

New FCA Rules on Non-Financial Misconduct

WilmerHale on 7/9/2025

Last week, the FCA published its long-awaited policy statement containing amendments to the FCA’s Code of Conduct (“COCON”) aimed at combatting non-financial misconduct (“NFM”). NFM can amount to a breach of FCA rules in any...more

FCA Draft Guidance on Non-financial Misconduct Published Today

BCLP on 7/3/2025

The Financial Conduct Authority (FCA) has published its most recent paper on non-financial misconduct (NFM), clarifying its expectations on bullying and harassment in financial services....more

FCA Sets Out Next Steps on Its Approach to Non-Financial Misconduct

Latham & Watkins LLP on 7/3/2025

On 2 July 2025, the FCA published its long-awaited proposed next steps on addressing non-financial misconduct (NFM) in financial services. In a joint Consultation Paper and Policy Statement (CP25/18), the regulator is...more

UK Financial Conduct Authority proposes new rules and guidance on non-financial misconduct

A&O Shearman on 12/14/2023

The UK Financial Conduct Authority's consultation on diversity and inclusion (D&I) in financial services proposes new rules and guidance on identifying and taking action in relation to non-financial misconduct such as...more

D&I in FS: new rules and guidance on non-financial misconduct

A&O Shearman on 12/13/2023

The FCA is focused on reducing non-financial misconduct to enhance the reputation of the UK financial services sector. Spurred on by positive levels of engagement with its 2021 discussion paper, the FCA’s latest consultation...more

Not so 'plain and simple': the new draft FCA rules for non-financial misconduct

Mayer Brown on 12/11/2023

In 2018, the UK's Financial Conduct Authority ("FCA") stated publicly that "non-financial misconduct is misconduct, plain and simple", emphasising their view that the Conduct Rules applicable to most employees within...more