FCA Diversity Policies Could Be Unlawful, Lawyer Says

Published on March 22, 2024

The financial regulator’s diversity policies could be unlawful, a lawyer has suggested, following equalities minister Kemi Badenoch this week saying it’s illegal to use positive discrimination and quotas in pursuit of diversity. Asked whether she believes the Financial Conduct Authority’s (FCA’s) policies on diversity targets are lawful, barrister Anna Loutfi told The Epoch Times: “No I don’t. And I think they may have to be tested.” Ms. Loutfi, head of legal at The Bad Law Project, said organisations may “feel like” their policies are in the right direction within the cultural landscape, but if they result in positive discrimination in practice it’s unlawful and can lead to “the worst kinds of racial segregation.”...

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