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Are you in? Scope of the FCA and PRA proposals for improving diversity and inclusion in financial services

Recent consultation papers from the UK Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) set out detailed proposals for improving D&I within financial services. The proposals are far-reaching, but set out different obligations depending on the size and regulatory status of firms. 

To help firms understand whether they are caught by the proposals – and if, so, which of them – we have prepared a short post explaining the scope of the regulators’ proposals, and our views on when they might be implemented. 

This is the latest post in our series on the FCA and PRA proposals, which are under consultation until 18 December 2023. Our next post will consider the proposals in relation to D&I strategies, what they should cover, and key points for firms to have in mind.