FCA finalizes new executive diversity rules effective this year

By Irene Madongo (April 20, 2022, 1:03 p.m. BST) – The financial regulator published its finalized set of social inclusion targets for companies listed on the London Stock Exchange on Wednesday, measures designed to help ensure stronger representation of women and non-white city executives.

Banks, insurers and other finance companies will be required to include a statement in their annual financial reports – beginning in the current fiscal year, which started April 1 – stating whether they have met the benchmarks set by the FCA. The regulator said it would review the rules in three years to make sure they are working and to check whether the diversity targets are still appropriate.

The targets…

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