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

Letter to Women and Equalities Committee

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