UK:
UK Regulators Consult On Proposed Whistleblowing Procedures In Banking And Insurance Sectors
05 March 2015
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On February 23, 2014, the PRA and FCA jointly proposed measures
seeking to formalize procedures for whistleblowing in the banking
and insurance sectors. The proposals aim to encourage employees to
blow the whistle when misconduct is suspected without fear of
personal repercussions. The proposed new rules include: (i)
ensuring that whistleblowing procedures are in place; (ii)
encouraging employers to inform employees that they are able to
blow the whistle; and (iii) ensuring that whistleblowers are
protected from victimization. The consultation closes on May 22,
2015.
The consultation is available at: http://www.bankofengland.co.uk/pra/Documents/publications/cp/2015/cp615.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from UK
FCA's Consultation Paper
Cadwalader, Wickersham & Taft LLP
Since 3 January 2018, firms that provide portfolio management or investment advice on an independent basis must pay for the research they obtain...
Regulation Round Up
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
FCA To Permit Research Bundling
Akin Gump Strauss Hauer & Feld LLP
The Financial Conduct Authority (FCA) is seeking views on proposed rules that would allow asset managers to opt for bundled payments for third-party investment research, reversing a significant aspect of the UK's implementation of research rules under the Markets in Financial Instruments Directive (MiFID II).