On 27 June 2025, the Bank of England (BoE) published its latest annual report on the Prescribed Persons (Reports on Disclosures of Information) Regulations 2017.
The BoE, including the Prudential Regulation Authority (PRA) as one of its constituent parts, are both Prescribed Persons as defined under the Public Interest Disclosures (Prescribed Persons) Order 2014.
The role of a Prescribed Person is to provide workers with an opportunity to make their public interest disclosure to a regulator rather than their employer.
Since April 2017, all ‘Prescribed Persons’ are required to annually report in writing on workers (‘whistleblowing’) disclosures they have received. The report must be published within six months of the end of the reporting period and be made publicly available.
This report covers the period 1 April 2024 to 31 March 2025.
The report includes the following information:
- A total number of 264 disclosures have been subject to assessment against the Public Interest Disclosure Act 1998 (PIDA) and discrete statutory requirements of the BoE and PRA, to assess whether they are protected disclosures.
- The BoE and PRA reasonably believe that 252 of the 264 disclosures were protected disclosures within Section 43B of the Employment Rights Act 1996 and subject to the BoE and PRA’s role as Prescribed Persons. The remaining 12 disclosures were not protected disclosures.
- Of the 252 protected disclosures that were subject to supervisory consideration: 32 disclosures contributed to significant supervisory or regulatory activity, 87 disclosures provided intelligence that were not actionable but were retained for future prudential reference, 57 disclosures provided intelligence of low value that did not lead to supervisory activity and 76 disclosures that will continue to be subject to ongoing supervisory assessment.