FCA Takes Significant Action in 56 Whistleblowing Cases, Up Sevenfold
The Financial Conduct Authority (FCA) said last week that it took significant action in 56 whistleblowing cases closed in Q2, seven times the year-earlier total. New reports rose 5.7% to 333. Significant action can include enforcement, a section 166 skilled-person review or restrictions on a firm’s permissions or an individual’s approval, according to the regulator’s…