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Proposals for mandatory D&I strategies in UK financial services firms: a practical guide

The Financial Conduct Authority and Prudential Regulation Authority are consulting on a number of proposals to improve diversity and inclusion (D&I) in UK financial services.  

Post four in our blog series considering these proposals, examines the proposal to require in-scope firms to publish a D&I strategy to which they can be held to account. If implemented, these proposals will require firms to engage meaningfully with their D&I strategy, using evidence to identify goals and objectives, and ensuring their strategy is easily accessible to employees and other stakeholders.

This post considers: the proposed form and content of D&I strategies; stakeholder engagement; ongoing obligations; and the steps firms can take now to prepare. 

The next post in this series will consider the proposals relating to setting D&I targets. 

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