Legal & Regulation

Regulation

Firms’ non-financial misconduct under FCA spotlight thanks to SM&CR

Firms’ non-financial misconduct under FCA spotlight thanks to SM&CR

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By Martin Lovick (pictured), Senior Principal Consultant, ACA Compliance Group – Sexual harassment and other forms of “non-financial misconduct” are now on equal footing with types of financial misconduct, such as market abuse, for the UK Financial Conduct Authority (FCA). Firms and employees are at risk of regulatory sanctions – including, for individuals, the possibility of not being found to be “fit and proper” – for failure to fulfil the FCA’s evolving diversity and inclusion (D&I) expectations.