EU Whistleblower Directive - New requirements

No prerequisite is required.

EU Member States had until 17 December 2021 to implement into their national legislation the EU Directive 2019/1937 on whistleblowers adopted on 23 October 2019.

This new framework was largely expected following several cases of whistleblowers which highlighted the need for a balanced protection. Protecting people who report some legal wrongdoings is an important element of internal control of any organisation or regulatory supervision. Whistleblower retaliation is perceived by the public as unfair and reputation damage can be serious for a firm if not properly handled. Several studies show that the number of employees who would consider using a whistleblowing mechanism increases significantly when an effective non-retaliation policy is embedded in the corporate value of a company.

What does the EU Whistleblower Protection Directive mean for your firm? What steps should you take to make sure your firm is or remains compliant with the new EU framework to be implemented in Luxembourg?

The training provides a detailed overview of the EU Whistleblower Directive.

• Who is a whistleblower?
• What types of wrongdoings are covered?
• What are the requirements and methods for reporting channels?
• What could (need to change) be the impact of the firm’s governance?
• Discuss operational impacts for its implementation
• For regulated Luxembourg firms, the CSSF and CAA Procedures will be reviewed in the light of the principles
• How to implement an effective whistleblowing system?
• How to manage internally a case of whistleblowing involvement of Senior Management/ Board of Directors?
• How to implement an effective whistleblowing system?
• Key requirements principles for an effective whistleblowing policy.

The course will also be complemented by interactive workshops.

No exam is foreseen for this training.

At the end of the training, a certificate of attendance will be available either on your client account or on demand to the customer service.