On 12 December, the Financial Conduct Authority (FCA) finally issued its official response to the public consultation on non-financial misconduct (NFM). This was issued through a Policy Statement PS25/23, finalising new binding regulatory rules and accompanying official guidance on NFM.
The Policy Statement
79 respondents contributed to the consultation, including Squire Patton Boggs. At long last, we have the final rules and guidance, which will be binding on all FCA-regulated firms from 1 September 2026. Or so we thought…
The … Read the rest