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FCA conduct rules extended to non-financial misconduct (COCON 1.1.7FR) and targeted support segmentation guidance (COBS 9B): UK financial services round-up, 23 March 2026

Published on: 23 March 2026

Published by a LexisNexis Financial Services expert
Legal News
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Article summary

Financial services developments

FCA urges firms to prepare for non-financial misconduct rules

The Financial Conduct Authority (FCA) has outlined on a new webpage the actions firms should take before the non-financial misconduct (NFM) rules and guidance take effect on 1 September 2026. Under COCON 1.1.7FR, the conduct rules for non-banking firms will be widened to include bullying, harassment, or violence towards colleagues, where connected to an individual’s role.

The FCA advises firms to consider updating their approach to:

  • staff policies;
  • conduct breach reporting;
  • fit and proper assessments; and
  • regulatory references.

In December 2025, the FCA published policy statement PS25/23, which sets out the boundary between work and private life; how NFM may breach the conduct rules; reasonable steps for managers; and fitness and propriety assessments, including matters relating to private life, social media, and unproven allegations. Source: Non-financial misconduct in financial services. Related digest: FCA...

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