Wed, Mar 4, 2020
Statement on COVID-19
Executive Summary
Mar 04, 2020
Staying Compliant During the COVID-19 Pandemic
Apr 30, 2020
Firms Need to Register for FCA’s New Data Collection Platform
Apr 30, 2020
Short Selling
Apr 30, 2020
Statement on COVID-19
Mar 04, 2020
FCA Encourages Firms to Develop Purposeful Cultures
Mar 05, 2020
FCA Begins Review on Data in Wholesale Markets
Mar 13, 2020
Preventing Financial Crime for Digital Assets
Mar 05, 2020
FCA Issues Proposals to Enhance Climate-Related Disclosures by Listed Issuers
Mar 06, 2020
Inside FCA Podcast: What Does Cyber Security and Resilience Mean for Firms?
Mar 13, 2020
Open-Ended Funds Investing in Less Liquid Assets
Mar 19, 2020
ESMA Sets Out Approach to SFTR Implementation
Mar 19, 2020
ESMA Statement: Telephone Recording During COVID-19 Outbreak
Mar 20, 2020
ESMA Consultation Paper on Cross-Border Distribution of Funds
Mar 31, 2020
ESMA Provides Clarifications for Best Execution Reports Under MiFID II
Mar 31, 2020
ESMA Announces Update to Reporting Under the Money Market Funds Regulation
Mar 31, 2020
ESMA Publishes Final Report of Technical Advice
Mar 31, 2020
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The FCA released a statement to address the outbreak of COVID-19. The FCA, the Bank of England and HM Treasury are working alongside the financial services sector to ensure an appropriate response to the global pandemic.
In accordance with FCA expectations, all firms should have a functional contingency plan in place. The FCA is examining the contingency plans of a variety of firms and evaluating their operational risks, their ability to resume effective operations and the steps being taken to ensure the continued servicing of their client base.
The FCA also expects all firms to take reasonable steps to comply with applicable regulatory requirements such as using recorded telephone lines when trading and providing compliance support to staff. The FCA confirmed that it does not have any reservations if staff work remotely or if firms use backup sites to meet their regulatory obligations.
The FCA is maintaining dialogue with firms, trade associations and industry bodies to raise and discuss any issues being faced and to work collaboratively to resolve any matters.
If firms have any questions in relation to the impact of coronavirus, please contact the FCA directly.
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