This blog post was first published by Law360 on September 17, 2025.

On 2 July 2025, the UK Financial Conduct Authority (FCA) published its latest non-financial misconduct (NFM) policy statement 1 , which clarifies that bullying, harassment and violence qualify as misconduct under the FCA’s Code of Conduct rules and will apply to almost all financial services firms operating in the U.K. from 1 September 2026. The announcement comes amid a recent surge of high-profile workplace misconduct cases on both sides of the Atlantic, highlighting a growing transatlantic divergence between the legislative, political and regulatory approach to non-financial misconduct (NFM) in the U.S. and U.K. This trend appears likely to continue.

From financial services, to IT, media and the extractive industr

See Full Page