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ARTICLE · 16 SEPTEMBER 2020

Whistleblowing Rules - FCA

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The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) recently updated its rules relating to whistleblowers.

United KingdomEmployment and HR
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Are you up to speed with the FCA rules on Whistleblowing?

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) recently updated its rules relating to whistleblowers. If you haven't seen the latest regulations and guidance, then now is your chance to get up to speed.

What you need to do

According to the FCA, businesses must ensure the safety and effectiveness of whistleblowers disclosures by ensuring the following measures are put in place:

  • A member of the senior management team should be given the post of 'whistleblowers' champion'
  • All settlement agreements should explain, in writing, that workers have a legal right to blow the whistle on practices and behaviours that are unacceptable

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