Insights from the recent hedge funds event at Global Relay’s London offices. We discuss the change, the pain, and offer up some advice.
COCON 1.1.7FR
Firms should take steps now to identify and mitigate NFM-related risks, including improving culture (a key driver of good conduct).
New rule, COCON 1.1.7FR, expands the scope of COCON for non-banks in the context of NFM and comes into force on September 1, 2026.
Under the new rules, serious bullying and harassment in all regulated firms will qualify as misconduct.