Prudential Regulation Authority Rulebook

12.1

A credit union other than an excluded credit union must establish, implement and maintain appropriate and effective arrangements for the disclosure of reportable concerns by a person, including a firm’s employee, internally through a specific, independent and autonomous channel.

12.2

The channel in 12.1 may be provided through arrangements with third parties, including social partners, subject to any applicable requirement under Chapter 14.

12.3

A credit union other than an excluded credit union must inform all workers of the channel referred to in 12.1.

12.4

A credit union other than an excluded credit union must inform all workers:

1. (1) that they may disclose directly to the PRA or to the FCA anything that would be the subject-matter of a protected disclosure;
2. (2) of what would constitute a protected disclosure;
3. (3) that the PRA or the FCA are prescribed persons under the Employment Rights Act 1996 and the effect of making a protected disclosure to the PRA or to the FCA; and
4. (4) of the means available to make a protected disclosure to the PRA or the FCA.

12.5

A credit union other than an excluded credit union must ensure that nothing in its arrangements prevents or discourages any worker from making any disclosure to the PRA or the FCA before making the disclosure through the channel referred to in 12.1.

12.6

A credit union other than an excluded credit union must ensure that nothing in any employment contract or settlement agreement, including any other related or ancillary documentation, between the credit union and a worker in relation to the worker’s employment, entered into after the date on which these rules come into force, prevents or discourages the worker from:

1. (1) making a protected disclosure, including to the PRA; and
2. (2) making a further protected disclosure connected to a protected disclosure already made under (1).