The Financial Conduct Authority (FCA) has announced that in-scope issuers for financial years starting on or after April 1, 2022, will be required to provide disclosures with respect to the diversity of their boards and executive management. In-scope issuers will be required to either meet a new set of diversity targets (described below) and disclose their existing board diversity metrics through standardized table formats or, alternatively, issue disclosures explaining why the issuer is not complying with the new requirements.