FCA strengthens whistleblower practices after backlash

Regulator to boost whistleblower confidence with new procedures

Sahar Nazir
clock • 2 min read

The Financial Conduct Authority (FCA) is implementing new actions to help improve the confidence of whistleblowers after receiving backlash.

The regulator's new actions include sharing further information with whistleblowers, improving the use of information provided by them, and how it receives the information. The new move comes after a survey revealed widespread dissatisfaction among whistleblowers who alert the regulator to wrongdoings across the industry. When asked to rate overall satisfaction with the authority's handling of its whistleblowing report, 15 of the 21 respondents said they were 'extremely' or ‘somewhat dissatisfied'. The FCA's ability to share information about how it has acted on the insight provide...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Updated: Failed financial advice firms tracker

Updated: Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 08 October 2025 • 1 min read
FCA: Fair value in advice 'not about charging the lowest fees'

FCA: Fair value in advice 'not about charging the lowest fees'

Consumer investments department head says it should not be a ‘race to the bottom’

Sahar Nazir
clock 03 October 2025 • 2 min read
FCA commits to Consumer Duty changes to 'remove disproportionate burdens'

FCA commits to Consumer Duty changes to 'remove disproportionate burdens'

CEO Nikhil Rathi sets out four-point plan

Michael Nelson
clock 01 October 2025 • 3 min read