The Financial Conduct Authority’s (FCA) new rules on non-financial misconduct (NFM) will come into force on 1 September, bringing all firms regulated by the Senior Managers and Certification Regime (SMCR) into scope and not just banks. Non-banks will be required to prevent bullying, harassment or violence against colleagues where this is related to work, even … Continue Reading
On 12 December, the Financial Conduct Authority (FCA) finally issued its official response to the public consultation on non-financial misconduct (NFM). This was issued through a Policy Statement PS25/23, finalising new binding regulatory rules and accompanying official guidance on NFM. The Policy Statement 79 respondents contributed to the consultation, including Squire Patton Boggs. At long … Continue Reading
On 2 July 2025, the FCA finally issued its long-awaited next steps document (CP25/18: Tackling non-financial misconduct in financial services) on the proposed new guidance on non-financial misconduct (NFM). The document contains two key elements: Rule Change from 1 September 2026 – The FCA will extend its Code of Conduct Rules (COCON) to non-bank firms, following strong … Continue Reading
Hurrahs and cheers can heard from employers across the country this month as the Government announces proposals for major reforms to the UK Employment Tribunal system. But will they work? The changes announced by Chancellor George Osborne at the Conservative Party conference in Manchester at the beginning of October include the introduction of an … Continue Reading
Here we go into the UK Festival Season, also known as “the Great Rains”. A long weekend in a field with several thousand others, the air full of burnt fat, off your head on junk food additives and up to your ankles in mud. Outside your tent it’s even worse. Is it any wonder that … Continue Reading
