4
Whistleblowers’ champion
4.1
Firms subject to the Senior Managers Regime must allocate a ’prescribed responsibility’ relating to the oversight of whistleblowing policies to a Senior Manager. For the purposes of this supervisory statement, this individual will be known as the whistleblowers’ champion.
- 10/12/2018
4.2
As part of discharging the requirements of their prescribed responsibility, the PRA expects the whistleblowers’ champion to ensure that an annual report is presented to the board, regarding the effectiveness of whistleblowing systems and controls. This report should include details of any employment tribunals involving whistleblowers which the firm has lost. The firm has discretion as to the exact content of the report. It should be made available to the PRA on request.
- 10/12/2018
4.3
The whistleblowers’ champion should be responsible for ensuring and overseeing the integrity, independence and effectiveness of the firm’s policies and procedures on whistleblowing, including those policies and procedures intended to protect whistleblowers from being victimised because they have disclosed reportable concerns.
- 10/12/2018
4.4
The PRA expects firms to ensure that the whistleblowers’ champion has a level of authority within the firm and access to resources and information sufficient to carry out that function. Having access to resources includes having recourse to independent legal advice and dedicated training.
- 10/12/2018