“UK Regulators Rethink Diversity Rules,” Solicitors Journal, “FCA and PRA Axe Plans to Impose Stricter DEI Rules For Financial Services,” Portfolio Advisor

In articles by the Solicitors Journal and Portfolio Advisor, Lucy Blake commented on the UK’s FCA and PRA announcement not to proceed with DEI reporting requirements and to take more time to consider the non-financial misconduct proposals - as they look to reduce overlap with other new and proposed legislation in this area. Importantly, the decision does not mean UK businesses are “off the hook” when it comes to DEI and non-financial misconduct because they are – or soon will be – subject to these new and proposed laws. Read in context, the decision by the FCA and PRA does not signal a volte-face from their commitment to tackling diversity and non-financial misconduct in the workplaces – in fact it is an attempt to streamline the obligations on UK businesses expressly in order to “avoid duplication and unnecessary costs”.

Solicitors Journal

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Portfolio Advisor

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© 2026 Jenner & Block LLP. Attorney Advertising. Jenner & Block LLP is an Illinois Limited Liability Partnership including professional corporations. This publication, presentation, or event is not intended to provide legal advice but to provide information on legal matters and/or firm news of interest to our clients and colleagues. Readers or attendees should seek specific legal advice before taking any action with respect to matters mentioned in this publication or at this event. The attorney responsible for this communication is Brent E. Kidwell, Jenner & Block LLP, 353 N. Clark Street, Chicago, IL 60654-3456. Prior results do not guarantee a similar outcome. Jenner & Block London LLP, an affiliate of Jenner & Block LLP, is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with SRA number 615729. Information regarding the data we collect and the rights you have over your data can be found in our Privacy Notice. For further inquiries, please contact dataprotection@jenner.com.

“UK Regulators Rethink Diversity Rules,” Solicitors Journal, “FCA and PRA Axe Plans to Impose Stricter DEI Rules For Financial Services,” Portfolio Advisor

In articles by the Solicitors Journal and Portfolio Advisor, Lucy Blake commented on the UK’s FCA and PRA announcement not to proceed with DEI reporting requirements and to take more time to consider the non-financial misconduct proposals - as they look to reduce overlap with other new and proposed legislation in this area. Importantly, the decision does not mean UK businesses are “off the hook” when it comes to DEI and non-financial misconduct because they are – or soon will be – subject to these new and proposed laws. Read in context, the decision by the FCA and PRA does not signal a volte-face from their commitment to tackling diversity and non-financial misconduct in the workplaces – in fact it is an attempt to streamline the obligations on UK businesses expressly in order to “avoid duplication and unnecessary costs”.

Solicitors Journal

Read More

Portfolio Advisor

Read More

Related Locations

© 2026 Jenner & Block LLP. Attorney Advertising. Jenner & Block LLP is an Illinois Limited Liability Partnership including professional corporations. This publication, presentation, or event is not intended to provide legal advice but to provide information on legal matters and/or firm news of interest to our clients and colleagues. Readers or attendees should seek specific legal advice before taking any action with respect to matters mentioned in this publication or at this event. The attorney responsible for this communication is Brent E. Kidwell, Jenner & Block LLP, 353 N. Clark Street, Chicago, IL 60654-3456. Prior results do not guarantee a similar outcome. Jenner & Block London LLP, an affiliate of Jenner & Block LLP, is a limited liability partnership established under the laws of the State of Delaware, USA and is authorised and regulated by the Solicitors Regulation Authority with SRA number 615729. Information regarding the data we collect and the rights you have over your data can be found in our Privacy Notice. For further inquiries, please contact dataprotection@jenner.com.

News and Insights

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Emily Loeb Discusses Congressional Oversight Preparedness in Bloomberg Law

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In New York Law Journal, The True Lender Doctrine and the OppFi Decision

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Event

Partner Michael Vernick to Speak at NACUA's 2026 Annual Conference

On July 1, Partner Michael Vernick will speak on a panel at the National Association of College and University Attorneys (NACUA) 2026 Annual Conference in Nashville.

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