Our data shows the number of new whistleblowing reports we received between July and September 2025, and existing reports closed during this period.
The data shows:
- how we received the report
- what the report was about
- what level of action we have taken
We assess every whistleblowing report we receive that falls within our remit, to inform our work and help us identify actual or potential harm. This could be harm to consumers, to markets, to the UK economy or to wider society.
What we can share
We know that greater transparency about the whistleblowing reports we receive is important, and we are constantly trying to improve the information we make public.
However, our reviews will usually involve confidential information restricted by the Financial Services and Markets Act 2000 (FSMA), including that relating to our supervision and enforcement work. This restriction may limit the information we can share with whistleblowers.
Whistleblowing reports
Our whistleblowing team receives reports by telephone, email, our online reporting form and post.
In this quarter (Q3 2025, July to September), we received 405 new whistleblowing reports.
For the same period in 2024 the team received 322 reports.
In 2025 Q2 (April to June), we received 315 reports.
Chart
Data table
Figure 1 shows that we received the biggest proportion of our new reports in 2025 Q1 via our online reporting form.
Contact details for whistleblowers
Protecting the identities of the whistleblowers who contact us is vital. We understand individuals may be hesitant to share their personal information with us when making a disclosure.
It is helpful when whistleblowers provide us with an ongoing contact option such as a phone number and/or email address. This allows us to:
- re-engage and develop on disclosures
- ask further questions
- keep individuals informed on how we can protect their identity whilst we carry out our work
Our whistleblowing team reviews all reports to make sure we manage information from whistleblowers appropriately. We will redirect any information we get from consumers or firms to other relevant teams to consider, such as our Supervision Hub.
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Data table
Figure 2 shows that in most of the reports we received in 2025 Q3, whistleblowers provided us with their contact details.
Whistleblowing allegations
Every report we receive will contain one or more allegations of wrongdoing. The 405 reports we received this quarter contained 1,379 allegations in total.
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Data table
In Figure 3 we list the top 10 allegations made in whistleblowing reports between July and September 2025.
Closed whistleblowing reports
We closed 356 whistleblowing reports between July and September 2025.
- Significant action to manage harm in 19 reports (5%) – this may include enforcement action, a section 166 skilled person report[2], or restricting a firm’s permissions or an individual’s approval.
- Action to reduce harm in 141 reports (40%) – this may include writing to or visiting a firm, asking a firm for information, or asking a firm to attest to complying with our rules.
- 182 reports (51%) informing our work, including harm prevention, but no direct action.
- 14 reports (4%) not considered indicative of harm, but the information was recorded and will be available for future reference.
Whistleblowing Across the FCA
The FCA are committed to ensuring all of our staff, all the way up to Board level, are aware of how to appropriately handle Whistleblowing matters. We provide guidance and mandatory training which reinforces the importance of protecting whistleblower confidentiality and understanding the internal processes for escalation.
The FCA Board remains fully committed to ensuring that whistleblowers, whether internal or external, can have the fullest confidence in the secure and appropriate treatment of themselves and the reportable concerns which they bring to the Board’s attention.
To reinforce this commitment, Board members continue to annually confirm their understanding and adherence to the internal whistleblowing policy, and receive guidance and briefings outlining the key internal and external policy requirements and their obligations as Board members. This is also an integral part of the induction for new Board members. These activities ensure ongoing Board engagement and support for an open, transparent environment where concerns can be raised safely.