Tag Archives: non-financial misconduct

Non-financial misconduct and harassment – a guide for HR, Part 4 (UK)

If the Financial Conduct Authority is to extend or confirm (depending on what you read) its remit to include non-financial misconduct and specifically bullying and harassment in its fitness and propriety assessment, then the potentially career-ending consequences for those concerned require that we are all very clear as to what those terms mean.… Continue Reading

Non-financial Misconduct – A Guide for HR, Part 3 (UK): FCA’s Definition of Non-financial Misconduct

“Non-financial misconduct is misconduct, plain and simple” – that is what Christopher Woolard (former FCA director) said in 2018. Except that as it turns out, fairly predictably when dealing with shades of human behaviour, it’s not that plain, nor that simple. With a lack of guidance on what non-financial misconduct (NFM) actually is, firms have thus … Continue Reading

Non-financial Misconduct – A Guide for HR, Part 2 (UK): FCA Proposals – What Will They Change?

The FCA’s consultation paper (CP23/20) proposes a framework to establish and define the minimum standards expected from regulated individuals in the financial services sector. Specifically, it clarifies the FCA’s expectations around non-financial misconduct (NFM). But, if implemented, will these proposals actually change anything? We think these rules would have a direct effect on the conduct … Continue Reading

Non-financial Misconduct – A Guide for HR, Part 1 (UK)

Not just more management consultancy buzz words, “non-financial misconduct” is becoming an increasingly important term for everyone working in HR in the financial services sector. As most readers will be aware, it is the role of the FCA to ensure that the UK financial markets work well. In pursuit of this, and to protect the … Continue Reading

The trouble with the reluctant complainant (UK)

It has been annual review season here at Squire Patton Boggs.  Looking back over my efforts this year in the usual endeavour to justify my own existence, I have spotted the same scenario cropping up with unusual frequency.  An employee tells their employer that they have experienced something at work that they are not too … Continue Reading
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