UK: FCA publishes final rules on diversity-related disclosures by listed companies

The Financial Conduct Authority (FCA) has published a policy statement (PS22/3) setting out rule changes that will require premium and standard listed companies to make disclosures in relation to gender and ethnic diversity at board and executive management level for financial years starting on or after 1 April 2022. Under the new Listing Rule requirements, … Read more

Covid-19: new 1 April guidance for employers in England

On 1 April 2022 the UK Health Security Agency published new guidance for employers in England, replacing the previous “Working safely” guidance notes (no longer available).  As set out in the Government’s Living with Covid plan (see our blog post here), Reducing the spread of respiratory infections, including COVID-19, in the workplace sets out how … Read more

A Spotlight on D&I in the Financial Services Sector

In the second of our Diversity and Inclusion Podcast Series, Christine Young, Hywel Jenkins and David Palmer discuss the key points for regulated firms in light of the regulators’ increasing focus on diversity and inclusion. Key Contacts If you would like to discuss any of the topics covered in this podcast speak with your usual … Read more

Recent employment law developments (England & Wales)

Below are links to some of our recent blog posts on employment law developments covering discrimination, unfair dismissal, financial services cases and other topics.  Please do get in touch with your usual HSF contact if you would like to discuss the impact of any of these developments for your business. Discrimination Government confirms no mandatory … Read more

UK: Government confirms no mandatory ethnicity pay gap reporting (at this stage)

Recent data suggests that the number of companies voluntarily disclosing ethnicity pay gap data has declined sharply, bolstering calls for a mandatory approach as for gender pay data. The Government consulted on this back in 2018 and last month the House of Commons Women and Equalities Committee urged it to make ethnicity pay gap reporting … Read more

UK: tribunal orders bank to carry out and publish equal pay audit within 6 months, notwithstanding existing equal pay review process

The employment tribunal in Macken v BNP Paribas has recently given its remedy judgment in relation to successful claims of sex discrimination and equal pay brought by a female banker, following a two year covid-related delay to the remedy hearing.  A substantial compensation award was made, including aggravated damages in part due to the lack … Read more

UK: regulators propose new diversity and inclusion requirements for financial services

The FCA, PRA and Bank of England (the regulators) have published a discussion paper (DP21/2) which aims to kick-start discussion on how the financial services sector, with the help of the regulators, can “accelerate the pace of meaningful change” in improving diversity and inclusion (D&I) within financial services firms. The policy options being considered in … Read more