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Guidance on 'key financial workers' in Covid-19 outbreak set out by UK's FCA

( March 20, 2020, 17:03 GMT | Official Statement) -- MLex Summary: Workers in banks and market infrastructure firms deemed critical to the Covid-19 response, and therefore able request their children remain in school despite UK-wide closures, have been given guidance by the Financial Conduct Authority. The regulator said it only expected a limited number of people to be identified as such “key financial workers” and that the companies themselves are best placed to identify which staff are essential to the provision of financial services. However, the FCA set out a list of types of roles that could be considered as providing essential services — for example, individuals captured by the Senior Managers Regime and those processing claims and renewal of insurance. The statement follows ...

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