Regulatory Alerts2024-10-24
Added · Updated
Instruction No. 2024-I-14 on Comparative Assessment of Diversity Practices, Including Diversity Policies and Gender Pay Gaps, Under Directives 2013/36/EU and 2019/2031/EU
The Prudential Control and Resolution Authority issued Instruction No. 2024-I-14 to mandate specific entities to submit comparative diversity data, including gender pay gaps, in compliance with EU Directives 2013/36/EU and 2019/2031/EU. The instruction defines the scope of applicable credit and investment firms, establishes annual submission deadlines by April 30 using XBRL format, and sets a three-year collection cycle starting in 2025. It further specifies that submissions must be based on the management body composition at the end of the preceding financial year and excludes non-binary gender identity reporting.
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