FCA clamps down on sexual misconduct ahead of SM&CR extension

Letter to Women and Equalities Committee

Executive director of supervision for wholesale and specialist investment at the FCA Megan Butler

Executive director of supervision for wholesale and specialist investment at the FCA Megan Butler

The FCA has used its powers to block the appointment of senior staff due to "non-financial personal misconduct" issues, as the regulator ramps up its safeguarding against sexual misconduct ahead of the extension of the SM&CR.

The Senior Managers & Certification Regime (SM&CR), which aims to "reduce harm to consumers" by making senior people in firms more responsible and accountable for their actions, is being extended to all...

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