In October 2015 the Financial Conduct Authority (FCA), alongside the Prudential Regulation Authority (PRA), published new rules in relation to whistleblowing channels in banks and other financial institutions to encourage a culture in which individuals feel empowered to raise concerns and challenge poor practice and behaviour.
Whilst these rules have been put in place specifically for the financial services industry, they are a sign of things to come in other industries across the UK.
THIS PAPER SUMMARISES:
• What the new FCA whistleblower rules are and why they were introduced
• How the rules will impact your company’s ethics and compliance efforts
• What actions to take both before and after the rules are fully enforced