UK watchdog to extend non-financial misconduct rules beyond banks

LONDON, July 2 (Reuters) - Britain's Financial Conduct Authority is to extend rules covering non-financial misconduct such as bullying and discrimination to beyond the banking industry, it said on Wednesday.

The UK watchdog will also oversee how finance firms handle "serious, substantiated cases of poor personal behaviour", information that will be shared through regulatory references in the same way financial misconduct currently is. That will make it harder for individuals to avoid consequences by moving from firm to fir, the FCA said.

The rules for non-financial misconduct will be extended to around 37,000 other regulated firms from 1 September 2026.