COCON 4.1

A woman being distracted from her spinning, early 14th century. A man is putting an arm around her shoulder and reaching out to touch her bottom. From decretals of Pope of Gregory IX. Creator: Unknown.

Legal implications of the FCA’s new non-financial misconduct rule

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.

David Berman, Covington; Emily Lemaire, Covington

Aug 14, 2025

Montage of the FCA sign

FCA moves to tackle non-financial misconduct at firms

Under the new rules, serious bullying and harassment in all regulated firms will qualify as misconduct.

Hameed Shuja; Thomas Hyrkiel

Jul 4, 2025

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