Conflict of Interest Register and Procedures | Whistleblowing and Public Interest Disclosure Act | Mortgage Conduct of Business MCOB | Template for FCA Applications and Authorised Firms

← Return to the Table of Content for all MCOB pages

Conflict of Interest Register

The company utilise a Conflict of Interest Register for recording actual and possible conflicts, who is involved, the type of conflict and any action taken to mitigate or remove the conflict. This register is maintained by [insert name], who is responsible for keeping the records up to date, reporting to management and ensuring that any actions have been implemented within a set timeframe. All records are retained for a minimum of 6 months after the interest has expired.

[Insert location/hyperlink to external location of this document]

 [We have included a template for this document in 02_Manual_Supporting_Docs.]

7.15.2 INSERT: Conflict of Interest Procedures

[Insert your existing procedures for Conflict of Interest here, ensuring that they comply with the requirements under SYSC 10 if applicable to your firm.]

7.16 Whistleblowing

The company complies with all aspects of the Public Interest Disclosure Act 1998 and adopts a positive approach towards staff reporting any potential r suspected wrong doings as they apply to legislative, regulatory or statutory requirements.

Our policy provides further information on our intentions in this area and contains guidance for staff on reporting any such wrongdoing and assurances as to the confidentiality of any report.

We confirm that we have provisions in place to comply with the PIDA and have internal procedures which are clearly communicated to all staff with regards to any concerns that they may have.

7.16.1 Public Interest Disclosure Act              

The Public Interest Disclosure Act 1998 is an Act of Parliament that includes provisions for protecting whistleblower’s from any adverse or detrimental treatment by their employer or colleagues. The aim of the Act is to ensure that any wrong doings within an organisation, can be reported to the authorities or regulators without the reporter fearing repercussions in relation to their job or treatment.

The company supports the whistleblowing provisions and has put an internal policy in to place to ensure that its staff feel no adverse or negative consequences or pressure when considering reporting any wrong doings.