Non-financial misconduct: when will the FCA flex its enforcement muscle? Priya Dave comments for Solicitors Journal, Investment Week and MLex

The FCA’s new rules on non-financial misconduct (NFM) came into force on 1 September, bringing bullying, harassment and other forms of serious misconduct within the regulatory framework for all financial services firms.  Priya Dave, Of Counsel at Corker Binning, explores the implications of the new regime in Solicitors Journal, Investment Week and MLex, highlighting the shift in how firms must approach non-financial misconduct and the potential for increased FCA scrutiny and enforcement.  

While the FCA has so far shown limited appetite for NFM enforcement action, Priya warns firms not to assume that stance will continue. “The FCA will need to take enforcement action on this in the not-too-distant future to show it means business,” she says. “It is not a question of if, but when the FCA will flex its enforcement muscle in respect of NFM.”

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