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UK’s City Watchdog Expands Rules on Bullying and Harassment

  • The UK's Financial Conduct Authority announced it will extend bullying and harassment rules to about 37,000 non-banking firms starting September 1, 2026.
  • This expansion follows last year's FCA survey highlighting bullying, sexual harassment, and discrimination as common misconduct in the financial sector.
  • The FCA plans require firms to share serious misconduct details in regulatory references, aiming to prevent individuals avoiding consequences by moving firms.
  • Sarah Pritchard emphasized that issues in the market frequently stem from underlying cultural shortcomings within firms, and highlighted that the new regulations are designed to enhance trust and promote consistent practices across the industry.
  • The extended rules signal stronger oversight on non-financial misconduct, supporting firms in addressing workplace culture and deepening public confidence in financial services.
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headlinemoney.co.uk broke the news in on Wednesday, July 2, 2025.
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