Skip to main content Skip to search box Search Search Main menu Main navigation About us Contact us Get in touch by phone, via our online form, or by post: Financial Conduct Authority 12 Endeavour Square London E20 1JN Contact us What we do About the FCA Enhancing market integrity Promoting competition Protecting consumers How we regulate Authorisation Enforcement Handbook of rules and guidance International standards and regulations Supervision How we operate Complain about us, the PRA or the Bank of England (the regulators) Corporate responsibility Diversity, equity and inclusion: our progress Environmental sustainability Who we work with Who we are Chair Chief Executive Committees Executive committees FCA Board Join us Careers home Early careers Experienced professionals Our strategy 2025 to 2030 Our vision and priorities for the next 5 years. How we work Close menu Firms Firms overview Go to our dedicated section to see support for firms and our latest policy updates. Find out more Firm authorisation Authorisation Cancelling an authorisation or registration Check if a firm is authorised How to apply for authorisation or registration Regulated firms All firms Claims management companies Consumer credit firms Electronic money and payment institutions Funeral plan providers and intermediaries Innovation Hub Mutual societies Close menu Tasks for firms Approved persons Change in control Fees and levies Keeping your firm's information up to date Principals and appointed representatives Focus areas AI: artificial intelligence in financial services Consumer Duty Cryptoassets FCA support services for firms Financial crime Open banking and open finance Senior Managers and Certification Regime Regulatory Priorities reports Our annual Regulatory Priorities reports provide specific key priorities for each sector. Find out more Close menu Markets Primary markets Forms and checklists Knowledge Base Listing applications, amendments, suspensions and cancellations Regulatory Disclosures The sponsor regime Markets policy About LIBOR transition Data reporting services providers Securitisation UK EMIR UK Securities Financing Transactions Regulation (UK SFTR) Regulated markets Benchmarks Central securities depositories Market abuse How to report suspected market abuse as a firm or trading venue How to report suspected market abuse as an individual Market Abuse Regulation Short selling Exemptions from short-selling requirements Notification and disclosure of net short positions Short selling Transaction reporting Instrument reference data Transaction reporting Close menu Consumers Our Consumer section See our dedicated section to help you stay up-to-date with financial services in the UK. Find out more Your rights Considering a defined benefit pension transfer FCA Firm Checker High risk investments How to check a firm or individual is authorised Information for victims of financial crime Your rights with financial services Complaints Car finance claims Complain about a regulator How to claim compensation if a firm fails How to complain Using claims management companies Scams Crypto investment scams Fake FCA communications Loan fee fraud Pension scams Protect yourself from scams Report a firm Misleading financial promotions Report a payment services or e-money firm Report a scam Unfair contracts FCA Warning List Find our most up-to-date warnings of firms and individuals running scams or operating without authorisation. Read more Close menu News Sign up to receive daily alerts on the warnings we issue Receive new and updated warnings in a daily email. Sign up News Blogs News stories Press releases Speeches Statements Warnings Media centre Inside FCA podcasts Media library Events See all FCA events Close menu Publications Policy and guidance Corporate documents Notices and decisions Data Research Forms Open consultations See our current open consultations and the deadlines for giving feedback. Respond to our consultations Close menu Home Publications PS22/3: Diversity and inclusion on company boards and executive management PS22/3: Diversity and inclusion on company boards and executive management Consultation opens 28/07/2021 Consultation closed 20/10/2021 Policy Statement 20/04/2022 20/04/2022 Policy statements First published: 20/04/2022 Last updated: 20/04/2022 See all updates We have published our final policy decision for proposals set out in CP 21/24 ‘Diversity and inclusion on company boards and executive committees’. These measures will improve transparency on the diversity of company boards and their executive management for investors and other market participants. Read PS22/3 (PDF) What we are changing We are introducing new Listing Rules to require issuers to include a statement in their annual financial report setting out whether they have met specific board diversity targets. We are also expanding the reporting requirements to cover the diversity policies of key board committees and to indicate that reporting on board and board committee diversity policies could consider wider diversity characteristics. Setting targets on a ‘comply or explain’ basis for the representation of women and people from a minority ethnic background is designed to be a positive reporting benchmark to encourage progress. However, it serves as a starting point to encourage scrutiny and consideration of diversity and inclusion more broadly, both at senior levels of listed companies and throughout their businesses. This work reflects the FCA’s focus on speeding up the pace of change around diversity and inclusion in financial services. Who this applies to The companies in scope of our new Listing Rules are UK and overseas issuers with equity shares, or certificates representing equity shares, admitted to the premium or standard segment of the FCA’s Official List, excluding open-ended investment companies and ‘shell companies’ but including: closed-ended investment funds sovereign controlled companies We are not applying the rules to issuers of listed debt and debt-like securities, securitised derivatives or miscellaneous securities. Our corporate governance rules apply to certain UK issuers with securities admitted to UK regulated markets and, through the Listing Rules, to certain overseas listed companies subject to existing exemptions for small and medium companies. Next steps In-scope companies are required to make these disclosures in their annual reports for financial years starting on or after 1 April 2022. Page updates 25/11/2021 : Information changed Next steps updated to early 2022 29/07/2021 : Information changed Who this applies to updated Was this page useful? Yes No What can we do to improve pages like this? What did you find helpful? Submit Feedback Leave this field blank Print Page Linkedin Twitter Share page Related content CP21/24: Diversity and inclusion on company boards (PDF) DP21/2: Diversity and inclusion in the financial sector – working together to drive change Request an alternative format Please complete this form if you require this content in an alternative format. Accessibility Complain about us Copyright notice Corporate responsibility Cymraeg Freedom of information Modern Slavery and Human Trafficking Statement Privacy Sitemap Translated languages Social LinkedIn RSS Feed Twitter Registers and Systems Registers and Systems My FCA Financial Services Register FCA Handbook Connect RegData Online Invoicing System Careers Careers Careers home Early careers Experienced professionals Contact Contact FCA Head Office 12 Endeavour Square London E20 1JN Contact us Copyright © 2026 FCA. All rights reserved. Back to top Company no. 01920623