Disclosure Rules ‘Detriment’ to UK Investment, Financial Regulator Told

Warning comes as reporting requirement widens to include diversity and net-zero

Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, on Aug. 3, 2023. Toby Melville/Reuters

Corporate disclosure requirements have become too rigid “to the detriment of the UK,” the financial regulator has been warned.

It comes a year after firms were given diversity quotas and ordered to report on their compliance status.