Gary Gensler, chair of the Securities and Exchange Commission (SEC) hinted that the agency may one day start requiring fund managers to disclose their firm's diversity data, said Bloomberg.

The chair, who made the comments at a recent SEC event, said that such disclosures could strengthen diversity in the workforce and management by giving a quantifiable measurement. The specifics are still being worked out, but Gensler said he has already intructed staff to look into the issue, saying the final proposal might take the form of  aggregated demographic information about an adviser’s employees and owners as well as, possibly, having fund managers disclose their diversity and inclusion practices when selecting other advisers.

The NYSSCPA's Diversity and Inclusion Webcast is scheduled for Oct. 21. You can register for the event here.