Financial Watchdog Says Trans Women Shouldn’t Be Counted As Women

The Financial Conduct Authority (FCA) has now said that trans women should not automatically be counted as women after a backlash from businesses and women’s rights groups.

The watchdog had previously insisted that companies be forced to include men who identify as women when meeting female diversity targets. Hundreds of complaints forced a rethink.

According to The Telegraph:

Instead the regulator does not specify whether data should record by sex or gender, saying that it gives listed companies the “flexibility” to decide for themselves.

The move was on Wednesday night welcomed by campaigners, who said that it was not for the FCA to “redefine what ‘man’ and ‘woman’ mean”.

It came as the watchdog set out new requirements for UK-listed companies to ensure that 40pc of its board of directors and at least one senior board member are women.

The FCA had originally proposed to specify that the quotas included “those self-identifying as women” but it dropped the term following a consultation.

Those who responded to the consultation included City firms, lobby groups and individuals. Out of 540 responses, 439 addressed this point specifically and all but one respondent said they did not want trans women to be automatically included in the targets and data disclosures.

Concerns raised include that such an approach would not be consistent with equalities legislation, would fail to recognise the under-representation of women based on sex and the structural discrimination they may face and could allow men to “game” the targets system.

They were also warned that “targets based on self-identified gender could lead to more men by sex on boards (to the extent that they identify as women), undermining the stated purpose of the proposals to improve diversity.”

Nikhil Rathi is the Chief Executive of the FCA.

He should be forced to write 1,000 times, in letters ten feet high; trans women are not women.

Him and every other dipstick who thinks that men in drag should replace women in roles exclusively reserved for females.

 

 

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