Context
The FCA has published its Whistleblowing data for Q3 and Q4 2023, showing the number of new whistleblowing reports it received between July and September 2023 (Q3), and between October 2023 and December 2023 (Q4). The FCA assesses every whistleblowing case it receives that falls within its remit, to help identify actual or potential harm. This could be harm to consumers, to markets, to the UK economy or to wider society.
Key points to note and next actions
- In Q3 2023 the FCA received 280 new whistleblowing reports, compared to 291 in the same period in 2022 and 300 in Q2 2023.
- In Q4 2023 the FCA received 249 new whistleblowing reports. compared to 276 in the same period in 2022.
- Compliance and fitness and propriety are consistently the two biggest ‘allegations’ categories, being the top two in five of the six months of the second half of 2023. Others were culture, fair treatment and systems and controls.