SEC Releases First Report on Registrants’ D&I Policies and Practices

The SEC is committed to fostering diversity and inclusion (D&I) both internally and within the broader financial services sector. Its Office of Minority and Women Inclusion (OMWI) supports those efforts. In 2018, the agency developed a Diversity Assessment Report for Entities Regulated by the SEC (DAR), which it sends to a select group of registrants every two years. OMWI recently released the SEC’s first-ever Diversity Assessment Report, which discusses the responses provided by registrants in the DARs that the SEC solicited in 2020 (D&I Report). OMWI has also detailed the SEC’s efforts to improve the diversity of its own workforce and that of its suppliers in its 2021 Annual Report to Congress for the 2021 fiscal year (Annual Report). This article explores the key findings from the D&I Report and highlights the key takeaways from the Annual Report. See our two-part series on diversity and inclusion in asset management: “Key Challenges and Impacts of 2020 Events” (May 13, 2021); and “Structural Barriers and Investor Impact” (May 20, 2021).

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