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

Consumer Duty drives half of firms to stop serving clients

Consumer Duty drives half of firms to stop serving clients

Lang Cat research finds advice gap steady with just 9% paying for advice

Jen Frost
clock 25 June 2025 • 4 min read
Startup Hackford launches FCA register search platform

Startup Hackford launches FCA register search platform

Tool uses machine learning to segment more than 70,000 UK regulated firms by category

Sahar Nazir
clock 24 June 2025 • 2 min read
Ex-Janus Henderson analyst convicted of insider trading and money laundering

Ex-Janus Henderson analyst convicted of insider trading and money laundering

FCA 'committed to fighting financial crime'

Patrick Brusnahan
clock 23 June 2025 • 1 min read