Regulatory Wrap episode 86: FCA NFM rules – Is your firm ready? 

In Regulatory Wrap for the week to July 31, 2026:

In this week’s Regulatory Wrap, we unpack the Financial Conduct Authority’s (FCA) expanded non-financial misconduct rules, which will extend oversight to 37,000 more organizations and take effect on September 1. Learn more about what’s changing and whether you’re ready for the deadline.

Highlights:

1. Starting on September 1, the FCA’s non-financial misconduct rules will apply to all firms under the Senior Managers and Certification Regime (SMCR)
2. These rules require firms to identify, investigate, and report non-financial misconduct as well as disclose any disciplinary action that comes after
3. These rules apply whether they happen inside or outside the office, such as during offsite events or on someone’s personal social media page
4. To prepare for the deadline, firms should educate personnel to ensure they understand the new rules, how to escalate concerns, and how to identify serious NFM incidents
5. Firms should also confirm that their speak-up channels are anonymous, accessible, and trusted across the workforce  

This week’s Regulatory Wrap is brought to you by Global Relay’s Director of Regulatory Intelligence, Rob Mason.  

Beyond educating personnel and establishing trusted speak-up channels, it’s equally essential to monitor every channel so that poor conduct never slips through the cracks.

Kathryn Fallah

2 mins read • 31 July 2026