Given the distractions of the summer holiday season and the aftermath of the Brexit referendum, it would be understandable if other developments slipped off the radar. However, there is one particular deadline for regulated firms that demands urgent attention.  Under the whistleblowing rules published by the FCA and PRA back in October 2015, relevant firms […]

The FCA and the PRA have published policy statements (PRA PS24/15 and FCA PS15/24) containing new rules in relation to whistleblowing. This follows consultation earlier this year (see daily news 24 February 2015). The new rules apply to UK deposit-takers with assets in excess of £250 million, PRA-designated investment firms, and insurance and reinsurance firms […]

On 6 October 2015, the PRA issued a policy statement on whistleblowing in deposit-takers, PRA-designated investment firms and insurers (SS39/15). http://bit.ly/1MjpHVN Alongside this, the FCA has published its policy statement on whistleblowing in deposit-takers, PRA-designated investment firms and insurers (PS15/24). http://bit.ly/1jSz8Af The PRA and FCA are introducing a “package” of new whistleblowing rules designed to build on […]

In February 2015 the FCA and the PRA published a joint consultation paper (FCA CP15/4 and PRA CP6/15) (CP) on whistleblowing in deposit-takers, PRA-designated investment firms and insurers (relevant firms). This article considers the key proposals in the CP, and potential action points for relevant firms to consider. Background Following the recommendations published in June […]