Andriesz review expands to whistleblowing law compliance
The Financial Conduct Authority (FCA) has broadened its review of its handling of whistleblower Simon Andriesz. It will examine compliance with whistleblowing law and internal procedures, with the final report now planned for spring 2027.
Legal duties enter the remit
The review will examine whether the FCA met its responsibilities under whistleblowing law and followed its own policies and procedures when handling Simon Andriesz's protected disclosures.
This includes his concerns that he had experienced detriment.
Its remit previously focused on how the regulator interacted with him; it now covers these additional compliance questions over a period from at least 2017 to 2026.
The FCA's non-executive directors commissioned the review, which Lea Paterson CBE, an independent non-executive director of the FCA, is conducting.
In publishing the terms of reference, the regulator reiterated its condolences following Andriesz's death and said its thoughts remained with his family and loved ones.
Broader scope extends the timetable
The FCA had aimed to publish the findings in early 2027.
It now says the broader scope and the need to examine evidence spanning many years require more time to complete the review thoroughly.
The regulator will publish a progress update in January 2027 and expects the final report in spring 2027.
The review will identify lessons learned and recommend improvements to the FCA's future engagement with external whistleblowers and vulnerable individuals.
Compliance, not just contact
The expanded remit puts legal compliance alongside the FCA's handling of personal interactions.
It explicitly includes Andriesz's concerns about detriment.
The January update is a progress report, while findings and recommendations remain due in the final report.