Context
The FCA has published a statement setting out the terms of reference for the review of their handling of interactions with Mr Simon Andriesz, a whistleblower who had made protected disclosures to them.
Key points to note and next actions
- The FCA has shared its condolences following Mr Andriesz’s passing.
- The review was commissioned by the FCA’s non-executive directors, and is being conducted by Lea Paterson CBE, an independent non-executive director at the FCA.
- The FCA has stated it intends to examine its interaction with Mr Andriesz, and look at their responsibilities under whistleblowing law. They will consider if they followed their own policies and procedures when handling his reports, including his concerns that he had experienced detriment. The review covers the period from at least 2017 to 2026.
- The review is intended to identify any lessons learned and make recommendations to improve the FCA’s future engagement with external whistleblowers and vulnerable individuals.
- A progress update will be provided in January 2027 with the final report expected in Spring 2027.