Reference Case Number: FOI12307
Freedom of Information: Right to know request:
How many whistleblowing reports the FCA received from regulated asset management firms for the following time periods:
- November and December 2023
- Full year 2024
Please can you supply a breakdown of what the reports related to and the outcome (action to reduce harm, informing your work etc) in line with how you report this data on your website for all firm types: https://www.fca.org.uk/data/whistleblowing-quarterly-data-2025-q1[1]
FCA response:
The number of whistleblowing reports received from regulated asset management firms for the periods November, December 2023 and the full year of 2024, can be found in the below table.
| Month/Year | Number of Reports |
|---|---|
| November 2023 | 7 |
| December 2023 | 9 |
| January – December 2024 | 79 |
| Grand Total | 95 |
The allegation/category of harm can be found in the below table.
| Row Labels | Count of Incident Subtype |
|---|---|
| Compliance | 42 |
| Culture Of Organisation | 15 |
| Fitness & Propriety | 28 |
| Systems & Controls | 8 |
| Incident Subtype Blank | 2 |
| Grand Total | 95 |
The grade classifications can be found in the below table.
| Row Labels | Count of Incident Overall Grade |
|---|---|
| Grade A | 0 |
| Grade B | 22 |
| Grade C | 25 |
| Grade D | 4 |
| Remain open | 44 |
| Grand Total | 95 |
The grade classifications are as follows:
A: Significant action to manage harm
- Example: Enforcement action, a s166 Skilled Person’s Report, or restricting a firm’s permissions or an individual’s approval.
B: Action to reduce harm
- Example: Writing to or visiting a firm, asking it for information, or asking it to attest to compliance with our rules.
C: Report informed our work
- Example: Includes harm prevention – but we did not take direct action.
D: Recorded on our intelligence systems
- Example: These reports did not indicate harm and/or were not of relevance to the FCA.