Training - Luxembourg Whistleblowing Framework - New Requirements Applicable for Firms

How long does the training course last?

3,00 hours(s)

In which language(s) is the training course taught?

When will the next session take place?

Who is organising this training course?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

Who is the training course aimed at?

The course is mainly for internal control functions, lawyers, Human Resources, Unions, Regulators, Civil servants, and corporate Senior Management.

What are the prerequisites?

No prerequisite is required.

What are the aims or the skills being targeted?

On May 2nd, 2023, Luxembourg's Parliament passed Bill 7945 to implement the EU Directive 2019/1937 into national law. This legislation goes beyond the initial scope of the Directive and was prompted by several cases of whistleblowers, highlighting the need for balanced protection. Protecting individuals who report legal wrongdoing is a crucial component of any organization's internal control or regulatory supervision.
Whistleblower retaliation is seen as unfair by the public, and mishandling such cases can cause significant harm to a firm's reputation. Studies show that employees are more likely to use a whistleblowing mechanism when an effective non-retaliation policy is embedded in a company's corporate values.
What does the EU Whistleblower Protection law mean for your firm, and what steps should you take to ensure that your firm is compliant with the new law?

What does the training course cover?

The training will offer a detailed overview of the new Whistleblower Protection law, covering:

Which entities are covered by the law?
Who qualifies as a whistleblower, and how are they protected under the law?
What types of wrongdoing are covered by the law?
What impact could the law have on the firm's governance, and what changes might benecessary?
Operational impacts of implementing the law
How to establish an effective whistleblowing system?
Whistleblower procedures for the CSSF and CAA
How to handle cases of whistleblowing involving senior management or the Board of Directors?
Key requirements and principles for an effective whistleblowing policy.

The course will also include interactive workshops to complement the training content.