FCA non-financial misconduct rules: what happens now? Claire Cross writes for FT Adviser

The FCA’s new rules on non-financial misconduct are now in force, marking an important shift in the way all financial services firms must approach conduct that falls outside traditional financial misconduct.  The rules bring a wider range of work-related misconduct within the FCA’s regulatory framework, but their introduction is only the beginning. The real test will be how firms respond and, ultimately, how the FCA approaches enforcement.

As Claire Cross, Partner at Corker Binning, writes in FT Adviser: “Rather than simply determining whether an employee has breached internal policies, firms must now assess whether misconduct is sufficiently serious to warrant regulatory action.”  How firms navigate that distinction, and how the FCA responds, will be key to the next phase of NFM enforcement.

Read the full article here: FT Adviser