Insights

The FCA published Policy Statement PS25/23 in December 2025, confirming its final guidance on how non-financial misconduct fits into the Code of Conduct and the fitness and propriety test. The underlying rule, extending COCON to bullying, harassment and violence between colleagues at non-bank firms, came into force on 1 September 2026.

The FCA published CP26/24 on 2 July 2026, proposing to simplify how firms disclose the cost of consumer investments. The consultation closes on 21 August 2026, with a policy statement expected by the end of the year.

The FCA published CP26/27 on 14 July 2026, setting out plans to simplify remuneration rules for solo-regulated firms. The consultation closes on 16 September 2026, with a policy statement expected in the first quarter of 2027.