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Paul Cassidy's avatar

Before celebrating the PRA & FSA backing off adding DEI to their regulatory remit (for which I can see no basis in the Financial Services and Markets Act, which created them and sets out their obligations) I believe they said they were withdrawing DEI because it would amount to unnecessary double regulation. The point being that the DEI requirements are coming in for all businesses anyway under Rayner’s new Employment Rights bill. I haven’t checked this point but can well believe it.

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