Released 11 October 2021
The Financial Conduct Authority (FCA) has set out its expectations for remote or hybrid working so that firms can plan and continue to meet their regulatory responsibilities.
Due to the Covid-19 pandemic, firms are already familiar with working in a remote environment and adapting their systems and controls. The FCA expects that many firms are likely to continue these new ways of working and have set out their expectations so firms can plan and continue to meet their regulatory responsibilities.
These expectations apply to:
•firms applying to be regulated; and
•firms proposing to submit further applications, such as a waiver, variation of permission, change of control, etc.
The FCA’s expectations will evolve as more is understood about how firms intend to operate. Firms considering remote or hybrid working will be evaluated by the FCA on a case-by-case basis.
More information can be found at: https://www.fca.org.uk/firms/remote-hybrid-working-expectations.