Due to the coronavirus (Covid-19) pandemic, firms are already familiar with working in a remote environment and adapting their systems and controls. It is likely many firms will continue these new ways of working. We set out our expectations so firms can plan and continue to meet their regulatory responsibilities.
These expectations apply to:
- existing firms
- firms applying to be regulated
- firms proposing to submit further applications, such as a waiver, variation of permission, change of control etc
These expectations will evolve as more is understood about how firms intend to operate.
International firms should continue to have an establishment or physical presence in the UK.
Please read the full publication from the FCA here.