Following publication of the FCA’s Policy Statement: Tackling non-financial misconduct (NFM) in financial services (PS25/23), we take a look at what it means for firms and what actions they should be taking as we move towards 1 September 2026 when the new Code of Conduct (COCON) rule; the new COCON guidance
New briefing note – Getting ahead of the new FCA powers over professional services firms
Following the announcement by HM Treasury in October that the Government has decided that the Financial Conduct Authority should become the single professional services supervisor for anti-money laundering/ countering the financing of terrorism (see our previous briefing), a Consultation Paper has now been published providing further details of the reform proposals and requesting responses
New briefing note – ‘Tis the season to set the tone: FCA update on non‑financial misconduct and what firms should be doing now
In a written response to a request from the Treasury Select Committee, the FCA has provided an update on its programme of work to address non‑financial misconduct (NFM), making it clear that the firm and its managers may also be held responsible in the event of bad behaviour anywhere in the ranks.
With
New briefing note – FCA presses ahead with naming and shaming: What you need to know
The Financial Conduct Authority (FCA) has introduced a new “Enforcement Investigations” page on its website providing a centralised list of investigations that the regulator has chosen to announce publicly. The list can be accessed via the FCA’s ‘News’ webpage by selecting the new filter “Enforcement investigations” (see here). For key takeaways for
New briefing note: Spotlight on Solicitors Regulation Authority (SRA) Guidance – Part three, guidance for employers and for governing boards and senior management
Our latest briefing forms part of a series looking in detail at the SRA’s guidance for in-house teams, issued following a thematic review of the sector, recognising the growth and importance of the in-house role and the unique pressures to which in-house solicitors can be subject. The guidance covers six topics and does not introduce
New briefing note: FCA to become single professional services supervisor for AML/CTF – what should firms be thinking about now?
On 21 October 2025, HM Treasury published a Consultation Response providing details of responses to its 2023 consultation on the reform of the anti-money laundering/ counter-terrorist financing (AML/CTF) supervision regime and confirming that the Government has decided that the Financial Conduct Authority (FCA) should become the single professional services supervisor for
Horizon Scanning: Investigations and Enforcement
Shifting geopolitical dynamics have seen a wave of changes across the international investigations and enforcement landscape. In this edition, we focus on some of the most significant of these changes – from the issue of new cooperation guidelines by the Serious Fraud Office (SFO) to the abandonment by the Financial Conduct Authority (
Financial crime controls in the spotlight – lessons learned in relation to FCA supervisory powers and expectations
The FCA’s recent publication of a Final Notice in respect of Monzo Bank Limited (the Firm) provides a number of key takeaways for regulated firms in relation to FCA supervisory powers and expectations with respect to financial crime frameworks. A summary of these is set out below but for more detail on the Final
Global Regulation Tomorrow Plus: Non-Financial Misconduct: New rules & guidance from the FCA’s Consultation Paper 25/18
In the latest episode of Global Regulation Tomorrow Plus we discuss the Financial Conduct Authority’s (FCA) expansion of the Conduct Rules (COCON) to non-banks, the evolving expectations around workplace culture, and the practical implications for firms’ policies and procedures including some next steps that firms should be considering.
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New FCA Conduct Rule and Consultation on Non-Financial Misconduct Guidance
- a Policy Statement regarding a change to its Code of Conduct (COCON); and
- a Consultation on additional guidance in the COCON and the Fit and