FCA to extend bullying and harassment rules to non-banks

Extension will apply to 37,000 firms

Cristian Angeloni
clock • 2 min read

Non-financial misconduct, including bullying and harassment, within financial services firms will amount to a breach of the code of conduct rules, the Financial Conduct Authority has stated.

In a policy paper today (2 July), the regulator explained that, in the past, there was a lack of clarity around the treatment of these types of misconduct in regulated firms other than banks, especially about whether they should be considered as breaches of conduct rules. However, under the updated framework, bullying, harassment and violence will be added to the code of conduct as misconduct and should be treated as such by both firms and the regulator. From 1 September 2026, the extension to the conduct rules will apply to around 37,000 regulated firms, the FCA set out, "increasing ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Prospectus Reform: How the FCA is dealing with mini-bond scandal ghosts

Prospectus Reform: How the FCA is dealing with mini-bond scandal ghosts

Focused on retail investor access to corporate bonds

Cristian Angeloni
clock 17 July 2025 • 3 min read
Campaign group pushes for Leeds Reforms parliamentary inquiry and pause

Campaign group pushes for Leeds Reforms parliamentary inquiry and pause

Cannot forget lessons learned from 2008 financial crisis, founder urges

Jen Frost
clock 17 July 2025 • 3 min read
Rachel Reeves reveals 'most wide-ranging reforms' in Mansion House speech

Rachel Reeves reveals 'most wide-ranging reforms' in Mansion House speech

Includes redress changes and wholesale Consumer Duty review

Cristian Angeloni
clock 16 July 2025 • 3 min read