UK: revised corporate governance code

The FRC has published a new version of the UK Corporate Governance Code applicable to accounting periods beginning on or after 1 January 2019. The changes include a requirement to have a board-monitored whistleblowing mechanism and a mechanism for workforce… Read more

EU: Commission publishes draft whistleblowing directive

The European Commission has published a new draft directive to strengthen whistleblower protection across the EU.  The proposal is to provide EU-wide protection for blowing the whistle on breaches of specified types of EU legislation (for example, legislation on financial… Read more

Australia: Whistleblower protection regime

On 7 December 2017, the Australian Government took a further step towards whistleblower reform by introducing the Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017 into the Senate (‘Whistleblower Bill’). The Whistleblower Bill seeks to consolidate whistleblower protections in the… Read more

UK: FCA/PRA publish whistleblowing rules for UK branches

The FCA and PRA have recently published new rules on whistleblowing procedures for UK branches which will apply from 7 September 2017. In October 2015 the FCA and PRA introduced new rules requiring relevant deposit-takers and firms to introduce internal… Read more

Taiwan: Compliance checks – changes to Labor Standards Act

On 6 December 2016, a number of amendments to the Labor Standards Act (Act), relating to rest days, national holidays, annual leave, breaks between shifts, pay slips and whistle-blower protections, were passed by the Legislative Yuan in Taiwan. The amendments… Read more

UK: HSF Global Guide to Whistleblowing

Herbert Smith Freehills has published the first edition of a Global Guide to Whistleblowing, providing a quick reference guide to the law and culture around employees 'blowing the whistle' in 40 key jurisdictions covering in EMEA, the Americas and Asia… Read more

UK: New publications

GEO new guide for employers on Recruitment and Retention of Transgender Staff. Guidance from the Committee on Standards in Public Life on how public authorities and companies offering outsourced public services can maintain ethical standards, including recommendations to implement a… Read more

UK: New FCA and PRA whistleblowing rules

The FCA and the PRA have both published policy statements on their new rules on whistleblowing: FCA policy statement (PS15/24) entitled "Whistleblowing in deposit-takers, PRA-designated investment firms and insurers"; and PRA policy statement (PS24/15), also entitled "Whistleblowing in deposit-takers, PRA-designated… Read more

UK: New publications

BIS has published Guidance for employers on whistleblowing, available here. It contains recommendations for writing and promoting whistleblowing policies, and a code of best practice. We have recently updated our multi-jurisdictional guide discussing potential employee issues in business transfers (first… Read more

USA: Highest ever SEC whistleblower bounty awarded

On September 22, the SEC reported that it expected to provide an award of more than $30 million to a whistleblower who provided key information which led to a successful SEC enforcement action. The award is the highest made by… Read more

UK: Whistleblowing – reform proposals and guidance

The Government has published a consultation seeking views by 30 September 2014 on how to implement the proposed duty on prescribed persons to produce annual reports on whistleblowing. The Chartered Insurance Institute has published a set of guidance on whistleblowing as part of… Read more