High-level of protection
Who will this impact?
The Directive is applicable to all EU states and aims to provide
a high-level of protection to whistleblowers across a wide range of
sectors including public procurement, financial services,
anti-money laundering, product and transport safety, nuclear
safety, public health, consumer and data protection. It is
applicable to both public and private companies as well as public
authorities. For organisations with more than 50 employees, an
internal reporting system will be required. Additionally all
companies, irrespective of size, will be required to ensure that
whistleblowers are protected against any form of retaliation.
In the UK, financial services firms are subject to the FCA's
(Chapter 18 of the SYSC Senior Management Arrangements, Systems and
Controls) and the PRA's rules on whistleblowing. Given the
scope to now cover companies with over 50 employees, this will
broaden the number of companies that will need to
