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Written question asked by Lord Jackson of Peterborough (Conservative) on Thursday, 6 March 2025, in the House of Lords. It was due for an answer on Thursday, 20 March 2025. It was answered by Lord Livermore (Labour) on Wednesday, 19 March 2025 on behalf of the Treasury.


Financial Services: Equality

Question

To ask His Majesty's Government, further to the Written Answer by the Economic Secretary to the Treasury on 20 February (HC23473), whether the Chancellor of the Exchequer will use her powers under section IJA of the Financial Services and Markets Act 2000 to recommend to the Financial Conduct Authority that it drop the proposal to impose a new regulatory requirement on diversity and inclusion on the financial sector.

Answer

The Financial Conduct Authority and Prudential Regulation Authority announced on 12 March that they have no plans to take forward their proposed rules on diversity and inclusion in regulated firms.


Secondary information

Type
Written question
Reference
HL5552
Session
2024-26
Related items
Stonewall
Wednesday, 6 November 2024
Written questions
House of Lords
Grouped for answer
Yes
Subjects
Equality Financial services Reform
Link
View this Written question on www.parliament.uk