The FCA and non-financial misconduct: Updated rules and guidance

'The FCA hopes that the proposed amendments will increase clarity and consistency'

clock • 4 min read

Lawyer Claire Cross looks at the FCA’s recently expanded non-financial misconduct rules and guidance

The background The Financial Conduct Authority's (FCA) focus on non-financial misconduct (NFM) has been steadily increasing since 2018, when it first publicly recognised that unwelcome behaviours such as sexual harassment could fall within its regulatory remit.  The latest development came earlier this month, with the publication of a new FCA consultation paper, Tackling Non-Financial Misconduct in Financial Services (CP25/18). CP25/18 serves two key purposes. Firstly, it introduces new rules, effective from 1 September 2026, that amend the Code of Conduct sourcebook (COCON) to clar...

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

Is FCA expert evidence truly independent?

Is FCA expert evidence truly independent?

Upper Tribunal judgment thinks not

Gareth Fatchett
clock 25 June 2026 • 5 min read
SFO to secure further £491,000 from overseas investment fraudster

SFO to secure further £491,000 from overseas investment fraudster

Targeted British expats in Jakarta

Jen Frost
clock 22 June 2026 • 1 min read
Lords warns financial services bill could weaken regulators' accountability

Lords warns financial services bill could weaken regulators' accountability

Open letter to investment minister

Michael Nelson
clock 19 June 2026 • 2 min read