The SEC has begun its biennial collection of diversity self-assessment submissions from regulated entities.
“This initiative provides organizations with the opportunity to closely review their diversity and inclusion policies and practices in search of strengths, opportunities, risks, and vulnerabilities,” says the statement from the regulatory agency.
The SEC uses the data from the submissions to evaluate and report on progress and trends in the diversity-related activities of regulated entities.
“The participation of regulated entities in submitting diversity self-assessments is crucial for a more comprehensive understanding of the diversity practices and policies being implemented, as well as for sharing information on practices and identifying opportunities,” according to Nathaniel H. Benjamin, Director of the Office of Minority and Women Inclusion (OMWI).
Conducting and submitting diversity self-assessments is voluntary and is not part of the SEC’s examination process. SEC-regulated entities can use the Diversity Self-Assessment Tool (DSAT) to conduct a self-assessment.
Alternatively, regulated entities can submit diversity self-assessments in the format of their choice.
