Regulation

FCA extends bullying and harassment rules to 37,000 non-banks

Asset managers, insurance companies and pension funds to be impacted by the watchdog’s non-financial misconduct crackdown

Non-financial misconduct rules will be expanded to 37,000 other regulated firms from 1 September 2026
Non-financial misconduct rules will be expanded to 37,000 other regulated firms from 1 September 2026 Photo: Hollie Adams/Getty Images

The Financial Conduct Authority has extended its rules on non-financial misconduct beyond banks as it seeks to crack down on problematic behaviours and cultural failings in the City.

The watchdog has updated its code of conduct rules for non-banking firms to make it clear that bullying, sexual harassment and violence qualify as misconduct.

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