Our data shows the number of new whistleblowing reports we received between October and December 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 (Q4 2025, October to December), we received 281 new whistleblowing reports.
For the same period in 2024 the team received 292 reports.
In Q3 2025 (July to September), we received 405 reports.
Chart
Data table
Figure 1 shows that we received the biggest proportion of our new reports in 2025 Q4 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.
Chart
Data table
Figure 2 shows that in most of the reports we received in 2025 Q4, whistleblowers provided us with their contact details.
Whistleblowing allegations
Every report we receive will contain one or more allegations of wrongdoing. The 281 reports we received this quarter contained 788 allegations in total, with the following top 10:
Chart
Data table
In Figure 3 we list the top 10 allegations made in whistleblowing reports between October and December 2025.
Closed whistleblowing reports
We closed 282 whistleblowing reports between October and December 2025.
- Significant action to manage harm in 9 reports (3%) – 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 96 reports (34%) – 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.
- 164 reports (58%) informing our work, including harm prevention, but no direct action.
- 13 reports (5%) not considered indicative of harm, but the information was recorded and will be available for future reference.