Non-financial misconduct: Rising expectations and rising exposure

With final rules coming into force on 1 September 2026, non-financial misconduct (NFM) is no longer a developing theme for the UK's Financial Conduct Authority (FCA); it is now firmly embedded in the regulator's expectations of firms. At the same time, HR and employment law teams across all sectors are facing a wave of change relating to workplace conduct under the Employment Rights Act. Blowing the whistle on sexual harassment is now automatically recognised as a protected disclosure, and from October 2026, the duty to prevent sexual harassment will increase to a requirement to take...