US EditionUK’s City Watchdog Expands Rules on Bullying and Harassment
- The Financial Conduct Authority announced on Wednesday that its bullying and harassment rules will extend to about 37,000 non-banking financial firms starting 1 September 2026.
- This expansion follows high-profile misconduct cases and broad industry support, with around 80% backing the move during consultation efforts starting early last year.
- The FCA’s revised draft guidance outlines how firms should evaluate non-financial misconduct when determining whether employees meet the standards required to operate within the financial services industry.
- Sarah Pritchard of the FCA emphasized that cultural issues within firms frequently underlie market problems, noting that unchecked bullying or harassment is a key warning sign that can undermine a firm’s decision-making and risk management processes.
- These rules aim to deepen trust and consistency across the industry by requiring firms to share substantiated misconduct cases in regulatory references, making it harder for offenders to avoid consequences by switching jobs.
25 Articles
25 Articles
FCA Says Bullying and Harassment Count as Workplace Misconduct
The UK’s Financial Conduct Authority has clarified that serious bullying, harassment and violence in the work place qualify as misconduct at financial firms, behavior that could ultimately lead to a ban from the sector.
FCA to extend non-financial misconduct rules beyond banking
The UK’s Financial Conduct Authority (FCA) is set to broaden its rules covering non-financial misconduct, such as bullying and discrimination, beyond the banking industry. This move aims to address concerns about poor practices at financial firms, which have risen on the regulatory agenda in recent years, reported Reuters. According to the FCA, this initiative seeks to increase consistency and enhance trust in financial services. Reports of bull…
FCA Confirms Bullying And Harassment As Misconduct, Extends Rules To Thousands More Firms - FinanceFeeds
The UK Financial Conduct Authority has finalized rules that classify serious cases of bullying, harassment, and violence in financial services as misconduct. From 1 September 2026, these rules will extend to approximately 37,000 additional regulated firms, closing a long-standing gap in conduct regulation outside the banking sector. Previously, the application of the FCA’s conduct rules to non-financial behaviour was ambiguous in many parts of t…
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