FCA Non-Financial Misconduct (NFM) – Preparing for September 2026 Rules
Prepare for the FCA’s expanded expectations on Non-Financial Misconduct (NFM) and strengthen your firm’s conduct and culture framework.
Delivery:
Various
Course code:
R105NFM
For group bookings, to discuss tailored delivery or for any questions about this course, please get in touch:
Course Outline
In September 2026, the Financial Conduct Authority (FCA) formally expands its expectations regarding Non-Financial Misconduct (NFM). Behaviour such as bullying, harassment and discrimination will be explicitly linked to fitness and propriety assessments, Conduct Rules and regulatory decision–making.
This programme equips participants with the knowledge and judgement required to:
- Understand what constitutes NFM in a regulatory context
- Recognise and respond to misconduct risks early
- Fulfil individual and organisational responsibilities
- Support a culture aligned with FCA expectations
Learning Objectives
Following the programme, participants will be able to:
- Identify and challenge Non-Financial Misconduct (NFM) confidently and appropriately
- Apply regulatory judgement when assessing conduct issues, including those outside the workplace
- Escalate concerns effectively, ensuring alignment with both HR and regulatory expectations
- Demonstrate accountability in line with Senior Managers & Certification Regime (SM&CR) requirements
- Contribute to a speak-up culture and reinforce positive workplace behaviours
- Mitigate regulatory risk by recognising early warning signs and taking proportionate action
- Support their firm in evidencing a healthy culture to the FCA
Course Modules
- Understanding the Regulatory Context
- Recognising Non-Financial Misconduct
- Consequences of NFM for Firms & Individuals
- Responsibilities for Managers & Leaders
- Embedding Good Conduct in Practice
FAQs
What is Non-Financial Misconduct (NFM)?
Non-Financial Misconduct (NFM) refers to behaviours such as bullying, harassment, discrimination or other inappropriate conduct that may not be financial in nature but can impact an individual’s fitness and propriety and a firm’s culture.
Why is the FCA focusing on NFM now?
The FCA increasingly views culture and behaviour as key drivers of risk. NFM is now seen as directly relevant to conduct, governance and market integrity.
Does NFM outside the workplace matter?
Yes. The FCA has made clear that behaviour outside the workplace can still be relevant when assessing fitness and propriety.
Who should attend this training?
Senior leaders, compliance professionals, HR teams and anyone responsible for managing conduct risk or people-related issues.
How does this link to SM&CR?
NFM is closely linked to individual accountability under SM&CR, particularly in relation to conduct rules, certification and senior management responsibilities.
For group bookings, to discuss tailored delivery or for any questions about this course, please get in touch:
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