What ramifications could an FCA ‘whistleblower’ case have for the broking sector?
As an employment tribunal considers the case of a Financial Conduct Authority whistleblower claiming unfair dismissal; Karen Jackson, solicitor and founder-CEO of didlaw, unpicks the possible implications for insurance broking staff thinking of making their own allegations.
The regulatory backdrop for whistleblowing in the insurance broking industry is robust not least because it is an Financial Conduct Authority requirement to have a whistleblowing policy.
The FCA dictates that a firm must establish, implement and maintain appropriate and effective arrangements for the disclosure of reportable concerns by whistleblowers. Chapter 18 of the FCA handbook goes into detail.
Ironic then that a whistleblowing case against the FCA itself is currently under consideration by
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