FCA confirms final guidance to tackle serious non-financial misconduct in financial services
Why this matters
This regulatory update from the FCA provides guidance to financial services firms on addressing serious non-financial misconduct, such as bullying, harassment and violence. It is relevant for banking, investment management and wealth management firms, as well as the broader financial services industry. The update aims to drive consistency in how firms address these issues and clarify when non-financial misconduct constitutes a breach of regulations. This is an important conduct and governance matter, warranting a high level of urgency for affected firms.
AI-generated classification rationale, not a full analysis. Verify with the original FCA source before acting. Full disclaimer.
What the FCA said
We're providing guidance to support firms to tackle bullying, harassment and violence in financial services, after they asked for additional support. In July, we changed our rules – setting clearer standards for how financial services firms should address non-financial misconduct.This more closely aligned the rules…
Extract from FCA . Read the full notice at the source for the authoritative text.
Context
Financial Conduct Authority (FCA) — UK financial services regulator. We track 425 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under Consumer Protection / Conduct, Senior Managers / Governance, Authorisation & Licensing and Banking & Credit.