Gareth Fatchett returns to PA with a look at the FCA's non-financial misconduct remit and says regulated status should carry responsibilities - it should not require sainthood...
On 1 September 2026, the Financial Conduct Authority's new regime for non-financial misconduct came into force. Few sensible people will object to the proposition that serious bullying, harassment or violence has no place in a financial services business. Firms should protect their employees, deal properly with complaints and take appropriate action against individuals guilty of serious misconduct. But that is not really where the controversy lies. The more difficult question is whether the FCA - a regulator established to regulate financial services - should increasingly concern itse...
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