No Financial Incentives for Whistleblowers in the UK

August 07, 2014

The Financial Conduct Authority (FCA) and the Bank of England Prudential Regulation Authority (PRA) published a report on 30 July 2014 that recommends that no financial incentives are given to whistleblowers. This differs from the position in the US where the SEC is authorised to give whistleblowers financial awards of between 10% - 30% of settlements that exceed US$1 million.

Read "No Financial Incentives for Whistleblowers in the UK".