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ARTICLE · 24 FEBRUARY 2024

Survey On Non-Financial Misconduct: Taking Stock

Jenner & Block LLP
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Last week, the UK's financial services regulator, the Financial Conduct Authority (FCA) issued a notice to provide information to the Lloyd's insurance market to complete a survey on non-financial...

United StatesFinance and Banking
Christine Braamskamp
Christine Braamskamp
Lucy Blake
Lucy Blake
Karam Jardaneh
Karam Jardaneh

Last week, the UK's financial services regulator, the Financial Conduct Authority (FCA) issued a notice to provide information to the Lloyd's insurance market to complete a survey on non-financial misconduct. In January 2024, during the "Sexism in the City" Inquiry, the FCA explained that the survey was intended to "take stock" and share best practice, as well as to inform the new rules which the FCA is developing for all regulated firms on non-financial misconduct. It is expected that a similar notice will be sent to the regulated sector more widely in due course. The FCA has indicated that it hopes to complete the data collection by Summer 2024. While the purpose of the survey is to inform the FCA's work, it is an opportunity for firms to take stock of their own approach to non-financial misconduct, too.

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