Regulation

FCA scraps plans for diversity and inclusion rules

Regulator’s U-turn comes as companies shift their stance on DEI

Watchdog caves under political pressure to not add to the City’s burden
Watchdog caves under political pressure to not add to the City’s burden Photo: Getty Images

The Financial Conduct Authority has backtracked on plans to launch fresh diversity and inclusion rules following pushback from City firms and politicians.

The watchdog launched a consultation with the Prudential Regulation Authority in September 2023 aimed at boosting diversity in financial services.

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