The number of whistleblowers contacting the FCA to alert the regulator to suspected wrong-doing fell sharply in the latest quarter, new data shows.

Compliance was the top reason for whistleblowers to complain to the FCA in December, with 41 reports being made to the regulator about the issue during the month.

‘Fitness and propriety’ and ‘compliance’ were the joint top reasons for whistleblowers to complain to the FCA in March.

The FCA is planning a raft of measures to improve support for whistleblowers to give them more confidence in coming forward.