Following an earlier consultation, the FCA has published a policy statement (PS17/8) setting out the final rules which extend the FCA Code of Conduct sourcebook to standard non-executive directors (NEDs) in banks, building societies, credit unions and dual-regulated investment firms and insurance firms.
The new rules form part of the new senior management accountability regime for banks and insurers and are intended to raise standards of conduct and reduce the risk of misconduct and mis-selling in firms.
Copies of the:
- Rules; http://bit.ly/2qyJ212
- The Policy Statement; http://bit.ly/2qGYoO6
- The Associated Webpage; http://bit.ly/2pMTI9z
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