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ARTICLE · 10 SEPTEMBER 2025

In The Pipeline - September 2025

Travers Smith LLP
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In 2023, the Financial Conduct Authority (FCA) launched a consultation on proposed new diversity and inclusion requirements in the financial sector and new rules on non-financial misconduct.

United KingdomEmployment and HR
Tim Gilbert
Tim Gilbert
Siân Keall
Siân Keall
Ed Mills
Ed Mills
Ailie Murray
Ailie Murray
Adam Wyman
Adam Wyman
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Employment

  • Financial Services 2025/2026
    • In 2023, the Financial Conduct Authority (FCA) launched a consultation on proposed new diversity and inclusion requirements in the financial sector and new rules on non-financial misconduct.
    • The FCA decided not to proceed with the diversity and inclusion requirements, but to go ahead with the non-financial misconduct rules. 
    • Under the proposals, non-financial misconduct will be incorporated into the FCA's Conduct Rules with effect from 1 September 2026. The FCA is currently consulting on draft guidance on how firms should treat non-financial misconduct, including in relation to fitness and propriety assessments for certified staff. This consultation closes on 10 September 2025. Our briefing sets out more detail on the proposals and what they mean for employers.

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