FCA publishes terms of reference for independent review concerning Mr Andriesz

This post was originally published on fca.org.uk 

We shared our condolences following Mr Andriesz’s tragic death and our thoughts remain with his family and loved ones.

The review was commissioned by our non-executive directors. It is being conducted by Lea Paterson CBE, an independent non-executive director of the FCA.

When we announced the review, we said it would examine how we interacted with Mr Andriesz. The review will now also look at whether we met our responsibilities under whistleblowing law and followed our own policies and procedures when handling his whistleblowing reports, including his concerns that he had experienced detriment. It will cover the period from at least 2017 to 2026.

The review will identify any lessons learned and make recommendations for improvements to our future engagement with external whistleblowers and vulnerable individuals.

We previously said we aimed to publish findings in early 2027. Given this broader scope and the need to examine evidence spanning many years, more time is needed to complete the review thoroughly.

A progress update will be published in January 2027, with the final report expected in spring 2027.

Read the terms of reference (PDF).



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Disclosure Quest

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Nov 3, 2026 vs Jan 1, 2025 - Nov 3, 2025

Share this graph
Number of Filings132Prior 129 +2.3%
Target Raise, Total$3.44BPrior $3.59B -4.1%
This YTDYear priorChange
Filings 132 129 +2.3%
Target raise $3.44B $3.59B -4.1%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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