Not so ‘plain and simple’: the new draft FCA rules for non-financial misconduct

Our latest legal update considers the amendments recently proposed by the Financial Conduct Authority (“FCA”) to its Conduct Rules, to include non-financial misconduct such as bullying and harassment.

We look at issues including:

• When behaviour will be considered work-related as opposed to something that is part of an employee’s personal or private life.
• When behaviour will be considered serious enough to amount to a breach of rules.
• The significance of intention rather than effect.
• Related proposed changes to the Fit and Proper test.

You can read our legal update here.

Our related article, examining the other proposed new requirements contained within the FCA and PRA proposals, can be found here.