The Financial Markets Standards Board (FMSB) announced that Charles Nichols stepped down from the Board of Financial Markets Standards Board (FMSB) Limited on 31 March 2026 after a long period of service. Nichols previously served on the Market Practitioner Panel that contributed to the Fair and Effective Markets Review in 2014/15, which led to the creation of FMSB. He became a Director in January 2017, served as Senior Independent Director for three years, and chaired the Audit & Risk Committee from March 2021 to December 2025. Board Chair Jonathan Moulds credited Nichols with helping shape the organisation and supporting its development as a body for standards and good practice in wholesale financial markets.