Context
The FCA has published its latest whistleblowing data, for July – September 2025, showing the number of new reports received and the number closed. The data shows how the FCA received the reports, what the reports were about, and what level of action was taken.
Key points to note and next actions
- In this quarter (Q3 2025, July to September), the FCA received 405 new whistleblowing reports. For the same period in 2024 the team received 322 reports. In 2025 Q2 (April to June), the FCA received 315 reports.
- The reports numbers for this quarter represent a 26% increase on the same period last year, and a 28.5% increase on the previous quarter.
- Whistleblowers were happy to share their identity in 70% of the reports, with 30% being anonymous.
- The three highest categories of allegations were fitness and propriety, the culture of the organisation, and compliance.
- The FCA closed 356 whistleblowing reports between July and September 2025. ‘Significant action’ to manage harm was taken in 19 reports (5%), with ‘action to reduce harm’ taken in 141 reports (40%).