Helen Adams

Jul 25, 2024 | natlawreview.com | Helen Adams

Skip to main content July 25, 2024 Volume XIV, Number 207 Legal Analysis. Expertly Written. Quickly Found. Trending News Non-financial Misconduct – A Guide for HR, Part 5 (UK): How Should Firms Investigate NFM and What is the Appropriate Sanction?

Jul 11, 2024 | natlawreview.com | Helen Adams

“Non-financial misconduct is misconduct, plain and simple” – that is what Christopher Woolard (former FCA director) said in 2018. Except that as it turns out, fairly predictably when dealing with shades of human behaviour, it’s not that plain, nor that simple. With a lack of guidance on what non-financial misconduct (NFM) actually is, firms have thus far been left to their own devices to define NFM as best they can, and they have been the arbiters of when conduct becomes a regulatory breach.

Jul 3, 2024 | natlawreview.com | Helen Adams

The FCA’s consultation paper (CP23/20) proposes a framework to establish and define the minimum standards expected from regulated individuals in the financial services sector. Specifically, it clarifies the FCA’s expectations around non-financial misconduct (NFM). But, if implemented, will these proposals actually change anything?

Jun 26, 2024 | natlawreview.com | Helen Adams

Not just more management consultancy buzz words, “non-financial misconduct” is becoming an increasingly important term for everyone working in HR in the financial services sector. As most readers will be aware, it is the role of the FCA to ensure that the UK financial markets work well. In pursuit of this, and to protect the integrity of the UK financial system, it regulates the conduct not just of businesses but also of individuals employed in regulated firms.

Apr 10, 2024 | taxjournal.com | Mark Bevington |Angela Browning |Edward B. Hayes |Helen Adams

HMRC have updated the 2024/25 version of its CWG2 employer guide to PAYE and NICs to note the following:tax-free lump sums over £30,000 paid to employees who cannot work due to disability, injury or ill health no longer need to be reported to HMRC (also reflected in the 2023/24 edition);the new rules around reporting salary advances have been added; andthe latest rates of NICs have been updated as necessary throughout. HMRC have also published the 2024/25 edition of its guide CA44 .