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
