Diversity and Inclusion

Recent Articles

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  30/04/2024

  Financial Services Webinars On Demand

  View recordings of CMS financial services webinars available on demand.Webinars are a convenient way to stay informed and hear from our legal experts. Webinars On Demand

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  29/09/2023

  Regulators consult on measures to improve diversity and inclusion and promote healthy cultures in financial services

  After much talk and the promise of action, on 25 September 2023, the Prudential Regulation Authority (“PRA”) and Financial Conduct Authority (“FCA”) (together the “Regulators”) each published a consultation paper, CP23/20 (the “FCA Consultation Paper”) and  CP18/23 (the “PRA Consultation Paper”) (together, the “Consultation Papers”) seeking to boost diversity and inclusion to support healthy workplace cultures, reduce groupthink and unlock talent in financial services. There is no doubt that culture remains...

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  15/12/2022

  FCA - Understanding approaches to D&I in financial services

  The FCA conducted its review via 12 regulated firms – 8 with large gender pay gaps and 4 with relatively small pay gaps. The average pay gap for the financial services market is 26.6%, which is far higher than the average for the wider UK market which is 12.1%. In conducting its review, the FCA asked each firm for some basic information including about their D&I policy and strategy, target setting initiatives and D&I data used. The FCA also requested a 90-minute structured interview with a senior individual and any relevant specialists at each firm.It is clear from the review that...

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  20/05/2022

  FCA Rules on Diversity and Inclusion

  To whom do the rules apply?The new Listing Rules apply to UK and overseas issuers with equity shares, or certificates representing equity shares, admitted to the premium or standard segment of the FCA’s Official List, excluding open-ended investment companies and ‘shell companies’ but including:closed-ended investment funds (subject to some specific relaxations to take account of features particular to investment companies); andsovereign controlled companies.The new Listing Rules do not apply to issuers of listed debt and debt-like securities, securitised derivatives or miscellaneous...

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