FCA: Work-related travel – responsibilities of Senior Managers

Regulatory Updates | 30/03/20

We would like to make it clear to firms how they should prioritise who should need to travel to the office and the responsibilities of Senior Managers in doing so. This statement applies to all FCA-regulated firms across the UK, including in Scotland, Wales and Northern Ireland.

Each firm’s designated Senior Manager or equivalent person is responsible for identifying which of their employees are unable to perform their jobs from home, and have to travel to the office or business continuity site. We expect the total number of roles requiring an ongoing physical presence in the office or business continuity site to be far smaller than the number of workers needed to ensure all of a firm’s business activities continue to function on a business as usual basis.