FCA publishes final rules on diversity disclosures for listed companies

'Allows flexibility'

clock • 2 min read

The Financial Conduct Authority (FCA) has finalised rules that will mandate listed companies to report on their diversity at board and executive management level.

The financial watchdog has confirmed that failure to meet set targets must be accompanied with an explanation as to why. The FCA has said its approach "allows flexibility for smaller firms or those based overseas." Boards of listed companies must consist of at least 40% women, with at least one woman at senior board level, according to the FCA.  Companies must also have at least one board member from a black or ethnic minority group. According to the watchdog, businesses will be able to choose how best to collect data from their employees and report on progress. "As investors...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Treasury expected to start hunt for next FCA CEO – reports

Treasury expected to start hunt for next FCA CEO – reports

Process to begin in 2025

Sorin-Andrei Dojan
clock 11 November 2024 • 1 min read
Law, not likes: Cracking down on social media financial promotions

Law, not likes: Cracking down on social media financial promotions

‘Every individual social post or communication must comply with the rules’

Sarah Wylie and Owen McLennan
clock 28 October 2024 • 4 min read
How Labour can support investment management vibrancy

How Labour can support investment management vibrancy

The formation of a new government – now just over 100 days’ old – has brightened the spotlight on UK financial services regulation, writes IIMI CEO Dani Hristova

Dani Hristova
clock 28 October 2024 • 4 min read