PIMFA Learning: Non-Financial Misconduct: Guidance and Toolkit To Avoid Non Compliance

Non-Financial Misconduct (NFM) is now a boardroom issue. Workplace behaviours such as harassment, bullying, discrimination and abuse are, in the eyes of the regulator, indicators of a poor workplace culture, lacking diversity and inclusion in your firm. High-profile cases from the past year and the recent FCA D&I Consultation Paper (CP23/20) underscore that non-financial misconduct poses a significant business risk that needs addressing.

Whether certain behaviours of individuals working in financial services, particularly outside of the workplace, fall under the FCA’s supervision’s remit is much debated; what’s not is the regulator’s belief that ‘non-financial misconduct can amount to a breach of our [FCA] conduct rules’.

In this practical, scenario-based, in-person training session, delivered by regulatory and employment lawyers who have dealt with non-financial misconduct issues firsthand, you’ll learn how to navigate the challenges of investigating NFM in your firm, understand when NFM might breach the conduct rules and assess the impact of NFM on the fit and proper assessment.

Immediately after the training, you will receive a zip folder of key resources and checklists referred to in the training session which you can use to help you enhance your policies, processes, and practices around NFM.

Attending this session and leveraging the resources will give you the knowledge and confidence to:

1. Ready your firm for anticipated new rules on NFM.
2. Align your firm’s whistle-blowing policy, reporting process and procedure to the regulators expectations
3. Recognise and escalate NFM incidents appropriately
4. Manage NFM incidents
5. Ensure regular communications between the HR and compliance teams to deal with and manage NFM incidents
6. Assess what may amount to ‘serious’ misconduct
7. Accurately record NFM incidents
8. Understand when NFM should be reported to the FCA

What you’ll cover in the session:

– Overview of Non-Financial Misconduct (NFM)
– FCA’s Stance on Non-Financial Misconduct
– Regulatory Framework and Guidelines
– Compliance Obligations for PIMFA member firms
– Key Responsibilities of Senior Managers
– Reporting and Documentation Requirements
– Implementing Effective Policies and Procedures
– Approaches to creating a Positive Organisational Culture
– Establishing Clear Conduct Standards
– Training and Awareness Programs
– Monitoring/measuring culture
– Whistleblowing, complaints handling and investigations
– Discipline for NFM
– Regulatory references
– Reporting to the FCA
– Interactive Case Studies of Non-Financial Misconduct in Financial Services
– Lessons Learned from Past Incidents
– Best Practices for Mitigating Non-Financial Misconduct
– Successful Strategies from Leading Firms
– Continuous Improvement and Learning
– Monitoring and assessments
– Q&A Session

Who Should Attend:

• Compliance and Conduct leaders seeking guidance on how to:
– Deal with allegations of non-financial misconduct
– Recognise whether NFM is an isolated incidence or an indicator of a wider culture issue

• HR leaders who want to ready their firm’s response for new FCA rules and guidance, including the impact NFM could have on remuneration and how NFM should be dealt with in a regulatory reference.

• In-house counsel who seek assurance of when and how to respond to allegations of non-financial misconduct.

This training course will take place IN PERSON at the DAC Beachcroft London Office located at 25 Walbrook, London EC4N 8AF

Bring a colleague along for free!

Use VOUCHER CODE  BG3N8AKH at checkout to claim this buy-one-get-one-free offer!

This voucher can only be used when purchasing 2 full price tickets