FCA – remote of hybrid working expectations for firms

Industry News | 19/10/21

The FCA set out its expectations on remote and hybrid working so firms can plan and continue to meet their regulatory responsibilities.

The FCA’s expectations include, firms should be able to prove that the lack of a centralised location or remote working does not, or is unlikely to:

  • Affect the firm’s location in the UK, or its ability to meet and continue to meet threshold conditions;
  • Prevent the FCA receiving information about a firm.
  • Affect the ability of the firm to oversee its functions including any outsourced functions.
  • Cause detriment to consumers.

Source: FCA