UK regulators open consultation on diversity and inclusion rules

Authorities would require policies, targets and data collection

James Oxley/Bank of England

The Prudential Regulation Authority (PRA), the Bank of England’s supervision arm, opened a consultation on new diversity requirements for the UK’s financial sector on September 25.

The Financial Conduct Authority, which is separate from the central bank, is running a parallel consultation on the topic.

The proposed rules would oblige businesses “to have and publish a firm-wide diversity and inclusion strategy”. The PRA would also require a specific diversity and inclusion strategy applying to

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