Financial Conduct Authority. Courtesy photo. Non-Financial Misconduct: The 'Not So Simple' Issue Facing the FCA
The precise parameters of how non-financial misconduct is treated by the regulator has remained unclear and undefined.
November 14, 2023 at 05:30 PM
5 minute read
Financial services firms have been seeking clarification from regulators in respect of non-financial misconduct ("NFM") for quite some time. It has been 5 years since Christopher Woolard, then Executive Director of Strategy and Competition at the FCA, stated that "non-financial misconduct is misconduct, plain and simple", however the precise parameters of how non-financial misconduct is treated by the regulator has remained unclear and undefined.
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