Sophie White shares practical steps for understanding and preparing for non-financial misconduct rule changes and employment law reforms
The FCA's long awaited Policy Statement on non-financial misconduct, alongside Consultation Paper (CP25/18), marks a significant regulatory shift. Combined with upcoming employment law reforms, these developments require financial services firms to take coordinated, proactive steps. Non-financial misconduct (NFM) rule changes and proposed revised guidance From 1 September 2026, the FCA's Code of Conduct rules (COCON) will broaden to include specific types of non-financial misconduct. This is particularly relevant for non-banks, where previous rules were narrower. Firms will be required...
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