Given the regular changes in coronavirus restrictions, we set out:
- how firms should continue to assess workplace arrangements
- the responsibilities of Senior Managers in keeping up to date and following government guidance
This statement applies to all FCA-regulated firms across the UK, including in Scotland, Wales and Northern Ireland.
Firms should continue to follow relevant guidance to ensure they comply with any restrictions. For firms based in England, the advice is issued by the UK Government, while firms based in Scotland, Wales or Northern Ireland should refer to their respective devolved government guidance.
Firms should refer to the appropriate government guidance for advice on who should work from home, if possible, and ensure workplaces are safe for those who cannot work from home.
We recommend that, for financial services firms, the Chief Executive Officer Senior Management Function (SMF1) is accountable for ensuring an adequate process for following and adhering to government guidance. For firms that do not have an SMF1 Chief Executive Officer, this will be the most relevant member of the senior management team.