The Financial Conduct Authority mistakenly told a whistleblower they were "no longer entitled to the protections offered under the Public Interest Disclosure Act 1998," (https://www.legislation.gov.uk/ukpga/1998/23/contents) after it gave permission for their name to be disclosed to their former employer. The mistake went uncorrected for six months and was overlooked by the Complaints Commissioner in August. In this episode, Alexander Robson and Lindsey Rogerson discuss the regulator's apology and the FCA's apparent lack of enforcement action against firms which have acknowledged failures in their whistle-blowing procedures, as well as how the regulator could be more transparent in the quarterly data set it produces on individuals who have made protected disclosures. They close out the podcast with an assessment of the likelihood of an update to the UK's 25-year-old employment protections for whistleblowers. The Compliance Clarified podcast series covers a wide range of topics which affect compliance officers at financial institutions and aims to help them navigate the often-challenging regulatory environment. It considers the big challenges of the day and offers practical ideas for emerging best practices. Programme notes FCA apologises to whistleblower admits PIDA mistake article: http://go-ri.tr.com/rz6ot5 Protect's draft bill: https://trten-my.sharepoint.com/personal/lindsey_rogerson_thomsonreuters_com/Documents/Draft-WB-Bill-v16-June-2021.pdf%20(amazonaws.com) The APPG for whistle-blowing's draft bill: https://trten-my.sharepoint.com/personal/lindsey_rogerson_thomsonreuters_com/Documents/4d9b72_4490728b5bc747e28770ed8efbe475e3.pdf%20(appgwhistleblowing.co.uk) Wells Fargo employment tribunal article on Regulatory Intelligence: http://go-ri.tr.com/2OkJvj 2019 article on FCA probing Royal Bank of Canada over employment tribunal article: http://go-ri.tr.com/1YInqd Regulatory Intelligence special report on whistle-blowing July 2023: http://go-ri.tr.com/1YInqd Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence. Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.