The 281 reports contained a total of 752 separate allegations. The most frequently reported allegation was related to compliance, which appeared in 184 cases.
Reports were submitted through several channels. The majority, 150, were received via the online reporting form. Other methods included email, with 42 reports, telephone with 41 reports, post with 10 reports, and 27 reports received through other means.
Of the 281 reports received, 181 included contact details for the whistleblower . The remaining 100 reports were submitted anonymously. The FCA emphasised that protecting the identity of whistleblowers is essential and that having contact details can help in follow-up and confidentiality management.
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The 281 reports contained a total of 752 separate allegations. The most frequently reported allegation was related to compliance , which appeared in 184 cases.
In the same quarter, the FCA closed 468 whistleblowing reports. Of these, 12 resulted in significant action to manage harm. This may have involved enforcement activity, commissioning a section 166 skilled person review, or restricting a firm’s permissions or an individual’s approval.
In 192 cases, action was taken to reduce harm. These actions included writing to firms, conducting visits, requesting information, or...
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