Treasury rejects call for NDA ban in harassment cases after Sexism in the City inquiry

Response to Sexism in the City report

The Treasury has decided not to implement the recommendation set out in the Treasury Select Committee's ‘Sexism in the City’ report, which called for a ban on non-disclosure agreements in financial services.

In its response to the Treasury Committee's report, the Treasury acknowledged that NDAs are being used to "intimidate victims of discrimination and harassment into silence". However, it argued there is a "legitimate place" for NDAs to protect commercially sensitive information, ideas or intellectual property in "business transactions and disputes involving negligence claims". At the same time, it expressed a commitment to bring forward legislation outlining that NDAs "cannot be legally enforced if they prevent victims from reporting a crime and to ensure information related to crimina...