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 the festive period approaching, firms should ensure policies, training and reporting channels in this area are robust, and that leaders can evidence that they set the right tone to prevent and address NFM. To assist with this, in our latest briefing we set out a summary of key NFM developments and initiatives and some actions that firms may wish to consider.