Context
The FCA has published a new web page in relation to non-financial misconduct (NFM) in financial services in readiness for the new rules and guidance to help tackle NFM. The FCA is explaining what firms should do before the changes come into effect on 1st September 2026.
Key points to note and next actions
The web page:
- includes a reminder about what NFM is;
- explains how NFM is covered within FCA requirements, both in COCON and in the Fitness and Propriety Sourcebook (FIT);
- explains that the new Handbook guidance (PS25/23) will help firms apply COCON and FIT with clarity and confidence, and that it covers:
- the boundary between work and private life,how NFM can breach the conduct rules,reasonable steps for managers, and
- fitness and propriety assessments, including private life, social media and unproven allegations; and
- sets out what firms should do before 1September 2026, and what they do not need to do.