Page 65 - Annual Report 2021 EN

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Statistics for 2021 Whistleblowing (Protected Reporting)

The QFCRA’s whistleblowing framework outlines appropriate
Stage in CDRS Process 1 January – 31 December 2021
mechanisms for making confidential reports about alleged

wrongdoing by QFC authorised firms or persons connected with
Enquiries to CDRS 55*
these firms. These anonymous reporting mechanisms provide
(whether in or outside jurisdiction)
confidentiality, anonymity, and protection for persons making

reports, and help foster a climate whereby employees are more
Out of scope matters 14
likely to report or seek guidance regarding potential or actual
wrongdoing without fear of retaliation by their employer, such
CDRS matters assessed 41*
as immediate termination, serious health or safety concern.
or under assessment

The majority of protected reports received in 2021 concerned
CDRS matters referred to adjudicator 2^
misconduct and contraventions of relevant requirements by

authorised firms.
CDRS matters finalised by adjudicator 1

* Includes four matters carried over from 2020
Stage in WB Process 1 January – 31 December 2021
^ the matter was referred in December and will be provided

by the independent adjudicator in January 2022
Enquiries to WB 21*
(whether in or outside jurisdiction)

Out of scope matters 2

WB matters under assessment 0

WB matters closed 19^

* Includes four matters carried over from 2020 and one from 2019

^ includes four matters carried over from 2020 and one from 2019