Regulation

FCA scraps plans for diversity and inclusion rules

Regulator’s U-turn comes as companies shift their stance on DEI

Wednesday 12 March 2025 at 12:02

Watchdog caves under political pressure to not add to the City’s burden
Watchdog caves under political pressure to not add to the City’s burden Photo: Getty Images

The Financial Conduct Authority has backtracked on plans to launch fresh diversity and inclusion rules following pushback from City firms and politicians.

The watchdog launched a consultation with the Prudential Regulation Authority in September 2023 aimed at boosting diversity in financial services.